Etsy Inc. (ETSY) reported its third-quarter earnings after the bell on Wednesday, missing analyst expectations on earnings but beating on revenue. While consolidated GMS (Gross Merchandise Sales) declined year-over-year, Etsy highlighted investments in customer experience and a positive outlook for the future, sending the stock soaring in after-hours trading.
Etsy’s stock has plummeted this year, and Goldman Sachs analyst Eric Sheridan believes the decline is far from over. He downgraded Etsy’s rating to Sell, citing concerns about declining gross merchandise sales, limited visibility into future growth, and intensifying competition in the e-commerce market. Sheridan also predicts continued market share losses for Etsy and potential margin compression in 2025.
Indulge in the elegance of Bridgerton with affordable home decor inspired by the show. Ruggable’s Bridgerton collection offers opulent rugs, while Etsy provides an array of affordable tea sets, mirrors, and photo frames. Embrace the ‘Regencycore’ trend with colorful rugs, vintage furniture, and cozy homeware. Paint your walls in delicate pastel blues or bold reds and yellows to evoke the ambiance of the show. Explore local charity shops and car boot sales for vintage treasures. Add a touch of floral elegance with a bouquet of pink and purple blooms, and create a wisteria-covered exterior with a plant from B&Q for just £14.99.
Scarlett Hawkes, a young fashion enthusiast, discovered her passion for sustainable style through YouTube and Google. She transforms pre-loved tea towels into unique dresses, jumpsuits, jackets, and skirts. Scarlett’s creations showcase her love for upcycling and her remarkable eye for design. She uses her Etsy store to sell her one-of-a-kind pieces, with midi dresses starting at £148. The versatile nature of her designs allows for customization, where customers can send in their own tea towels for incorporation into their garments. Scarlett’s passion for second-hand fashion shines through her creations, providing customers with a unique and sustainable way to express their personal style.
