Vitacost.com Earnings: Here’s Why Investors are Ambivalent Now

Vitacost.com, Inc. (NASDAQ:VITC) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Vitacost.com, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.09 in the quarter versus EPS of $-0.20 in the year-earlier quarter.

Revenue: Rose 17% to $97.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Vitacost.com, Inc. reported adjusted EPS loss of $0.09 per share. By that measure, the company beat the mean analyst estimate of $-0.11. It beat the average revenue estimate of $97.5 million.

Quoting Management: “During the past year, we have made significant improvement across our business, gaining efficiencies throughout the organization,” stated Jeffrey Horowitz, Chief Executive Officer. “We have been able to narrow our non-GAAP adjusted EBITDA loss from $4.0 million a year ago to $0.4 million in the first quarter of 2013, while continuing to generate strong top-line results as our sales increased to $97.8 million this quarter. Going forward, we remain focused on continuing to grow our customer base while driving an improvement in operating results.”

Key Stats (on next page)…

Revenue increased 15.07% from $84.99 million in the previous quarter. EPS increased to $-0.09 in the quarter versus EPS of $-0.09 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.12 to a loss $0.09. For the current year, the average estimate has moved up from a loss of $0.44 to a loss of $0.38 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)