Net income of
The earnings beat comes after a miss in the first quarter, which, coupled with worries about shipping delays, led to a double-digit tumble in share prices in early May. The fast-growing site is closely watched by investors after experiencing last November one of the hottest initial public offerings seen last year.
Wednesday's results had shares down 1.83 percent at
The company also increased its capital spending by
The company will also launch an updated iPad app and its first Android tablet app later this month, Cavens said.
Investors worried about zulily's capacity to cope with its own growth when the company reported an increase in shipping delays as it scrambled to fulfill orders at the end of the first quarter.
Those delays were seen as aggravating what many analysts see as a weak point in zulily's business model: Because it carries no inventory, shipping times are much longer than those of competitors such as Amazon.
The company says customers are willing to wait in return for a wider array of deeply discounted products.
Executives said that in the second quarter the shipping issues had been worked through, and the time between order and shipment shrank to an average of 12.6 days from 13.2 days in the first quarter.
More than two thirds of what the company now sells is not related to children's apparel, Stolzman said.
Ángel GonzÁlez: 206-464-2250 or email@example.com.
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