Welcome Guest | Sign In
LinuxInsider.com

Stock Watch: Peapod's Sales Are Down

By Andy Wang E-Commerce Times ECT News Network
Apr 30, 1999 12:00 AM PT

Shares of online grocer Peapod (Nasdaq: PPOD) fell 13-16 to 12-3/16 on Thursday one day after the company announced its first-quarter results. Peapod's loss of 29 cents a share was one cent less than analysts surveyed by First Call expected, but the company's net sales of $18 million were less than the $18.9 million reported for the first quarter last year.

Peapod could soon have a major battle on its hands from competitor HomeGrocer.com. On Thursday, HomeGrocer.com announced that it is gearing up for its national expansion and has become the first investment of former Netscape president and CEO James Barksdale's new investment group. Barksdale has joined the board of directors of HomeGrocer.com, which launched last year and currently operates only in the Seattle area.


FIND YOUR FUTURE JOB HERE
Facebook Twitter LinkedIn Google+ RSS
Flexera Software White Paper
What is most important to you when shopping online?
Obtaining exactly the right product.
Finding the lowest price.
Fast, free delivery and easy, free returns.
Dependable customer service.
I shop online only as a last resort.
The Entrepreneur's Phone System