QUOTIENT TECHNOLOGY INC.

(QUOT)
  Report
Delayed Nyse  -  04:00 2022-08-12 pm EDT
2.350 USD   -2.08%
08/11Quotient Wins Second MarTech Breakthrough Award for Influencer Marketing Innovation
BU
08/10Craig-Hallum Downgrades Quotient Technology to Hold From Buy
MT
08/09QUOTIENT TECHNOLOGY INC. Management's Discussion and Analysis of Financial Condition and Results of Operations. (form 10-Q)
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Quotient Technology : Valentine's Day eCommerce Trends Consumers Are Sure to Love

02/14/2022 | 12:13pm EDT
Valentine's DayeCommerce Trends Consumers Are Sure to Love

Roses are red, violets are blue, eCommerce sales are big in 2022!

With Valentine's Day spending expected to rise by 9.6% to nearly $24 billionthis year, Quotient internal data reveals that consumers have fallen madly in love with eCommerce. Product categories from beauty and adult beverage to food and candy are experiencing massive eCommerce sales lifts that hint at how Americans plan to celebrate.

Let's discover which products are trending as Valentine's Day approaches and how consumers are increasingly relying on eCommerce solutions.

Wining and Dining

It looks as though shoppers will be saying "cheers to love" based on eCommerce sales lifts over 2021 for wine, beer and spirits. Premixed Alcohol Cocktail sales are up 480% and wine is up in nearly every category depending on the variety and country of origin-with German (690%), Spanish/Portuguese (308%) and Dessert Wine (285%) emerging as the top performers.

Import Beer (163%), Light Beer (404%), Domestic Beer (231%) and Non-Alcoholic Beer (494%) eCommerce sales are up as well, though we'd expect plenty of cans and longnecks to be cracked open on Super BowlSunday, which happens to be Valentine's Day Eve in 2022.

Fresh Beef also is pulling double duty for football celebrations as well as fancy dinners at home and has posted an eCommerce sales lift of 301%.

The Look of Love

Whether consumers are looking forward to a night out, an evening with friends or just a day to look and feel their best, more beauty purchases are occurring online leading up to Valentine's Day this year.

Notably, shoppers are contributing to considerable eCommerce sales lifts over 2021 when refreshing their makeup bags with Eyebrow & Eyeliner (354%), Mascara (256%), Face Foundation (221%), Face Powder (299%), Face Blush (197%) and False Eyelashes (195%).

It also appears that consumers are taking a more hands-on approach with their nail care as eCommerce sales for False Nails (363%), Nail Polish (464%) and Nail Polish Remover (263%) have all lifted noticeably.

Lip products have rebounded after being impacted by mask mandates earlier in the pandemic. Lipstick sales have risen 131% on eCommerce, while Lip Gloss has increased 132% and Lip Liner has jumped a remarkable 312%.

The Sweetest Way to a Valentine's Heart

Last but certainly not least, the shopping days leading up to February 14th are traditional occasions for candy and chocolate. In fact, candy was the most popular item in a National Retail Federation (NRF) surveythat found 56% of respondents were planning a candy-related gift this holiday.

Quotient internal data supports these strong candy numbers: eCommerce sales of Seasonal Candy have risen 202% during this extra-sweet time of year.

Interested in using data insights like these to plan your brand's next holiday campaign? Contact us at [email protected]to discuss the most effective touchpoints for reaching your audience.

Disclaimer

Quotient Technology Inc. published this content on 14 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2022 17:12:04 UTC.


© Publicnow 2022
All news about QUOTIENT TECHNOLOGY INC.
08/11Quotient Wins Second MarTech Breakthrough Award for Influencer Marketing Innovation
BU
08/10Craig-Hallum Downgrades Quotient Technology to Hold From Buy
MT
08/09QUOTIENT TECHNOLOGY INC. Management's Discussion and Analysis of Financial Condition a..
AQ
08/09Quotient Technology Inc. Reports Earnings Results for the Second Quarter and Six Months..
CI
08/09TRANSCRIPT : Quotient Technology Inc., Q2 2022 Earnings Call, Aug 09, 2022
CI
08/09QUOTIENT TECH : Q2 Earnings Snapshot
AQ
08/09Earnings Flash (QUOT) QUOTIENT TECHNOLOGY Posts Q2 Revenue $69.3M, vs. Street Est of $7..
MT
08/09Quotient Technology Inc. Announces Second Quarter 2022 Results
BU
08/09QUOTIENT TECHNOLOGY : Announces Second Quarter 2022 Results - Form 8-K
PU
08/09Quotient Technology Inc. Provides Revenue Guidance for the Third Quarter and Full Year ..
CI
More news
Analyst Recommendations on QUOTIENT TECHNOLOGY INC.
More recommendations
Financials (USD)
Sales 2022 320 M - -
Net income 2022 -26,2 M - -
Net cash 2022 219 M - -
P/E ratio 2022 -8,39x
Yield 2022 -
Capitalization 227 M 227 M -
EV / Sales 2022 0,02x
EV / Sales 2023 -0,05x
Nbr of Employees 1 162
Free-Float 90,6%
Chart QUOTIENT TECHNOLOGY INC.
Duration : Period :
Quotient Technology Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends QUOTIENT TECHNOLOGY INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 2
Last Close Price 2,35 $
Average target price 3,50 $
Spread / Average Target 48,9%
EPS Revisions
Managers and Directors
Matthew Krepsik Chief Executive Officer & Director
Scott Raskin President
Yuneeb Khan Treasurer, Chief Financial & Accounting Officer
Robert A. McDonald Non-Executive Chairman
Daniel C. Pumphrey Chief Information Officer
Sector and Competitors