6 February 2019
Vistaprint Sales Stall,Profits Drop
Cimpress's Flagship Growth Stalls
Cimpress's Flagship Growth Stalls
"the worst in a long time”, and the departure of Vistaprint’s CEO will result in founder Robert Keane personally overseeing the performance of Cimpress's flagship operation Vistaprint . Vistaprint posted revenue growth of just 1 percent, while overall Cimpress revenue grew 8 percent, down from 32 percent in the second quarter of 2018.  Vistaprint sales nudged up by just 1.2% to $434.3m, while profits at the business fell from $99m to $83.8m.
cimpress has bought and sold a number of companies in the last several years
cimpress has bought and sold a number of companies in the last several years
The increase in sales at National Pen, acquired two years ago, was also described as “disappointing”, and the division’s profits would have declined were it not for  new financial reporting . Our deteriorating performance over the past six-plus months led to some serious soul searching about the root causes and what we will do about them,” Keane  stated. Cimpress shares went on to fall by 28% to $83.17 in trading following the results announcement. 
Comments:
4. George says:
12 February 2019 at 4:09 PM
This is Karma!!! First they under cut the market trying to take over by charging far below whats reasonable and now they make no profit!!! Doesnt take a genius to figure that out
3. Bobr says:
7 February 2019 at 12:49 PM
Good news - Vistaprint has totally negatively disrupted pricing - hopefully the decline in profitability continues and they revise their pricing model.
2. Joan says:
7 February 2019 at 10:55 AM
Hasta la Vista
1. Printguy33 says:
7 February 2019 at 9:55 AM
Is it possible they are loosing money because they sell product far below what it really costs to print and produce?
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George says:
This is Karma!!! First they under cut the market trying to take over by charging far below whats rea...
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