Overstock, an American home furnishings e-commerce company, achieved revenue of US$795 million in the second quarter, a year-on-year increase of 4%.

It is learned that according to foreign media reports, in the second quarter ending June 30, the revenue of US home furnishing e-commerce Overstock reached US$795 million, a year-on-year increase of 4% (US$766 million last year).

It is reported that the gross profit of Overstock, an American home furnishing e-commerce company, in the second quarter was US$175 million, accounting for 22% of the total net income, and the earnings per share was US$1.72. Its gross profit in the second quarter of last year was US$328 million, and the earnings per share was US$2.26.

It is learned that Overstock's online customers reached 9.2 million in the second quarter, a year-on-year increase of 31%. In addition, the average order value in the second quarter of 2021 was US$213, a year-on-year increase of 33%.

Overstock CEO Jonathan Johnson said the effectiveness of its strategy, improved operations and a strong focus on consumers were the reasons for Overstock's growth and profitability in the second quarter.

Jonathan Johnson further stated that Overstock will continue to expand the furniture and home furnishings market. Overstock will seize consumers' online shopping habits and provide them with a better shopping experience.

It is understood that Overstock has recently expanded its business to Canada, which will promote the global expansion of other e-commerce platforms.

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