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EToys Says It Delivered: EToys Inc. delivered...

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Bloomberg News

EToys Says It Delivered: EToys Inc. delivered more than 90% of its December orders on time, even as the number of customers and purchases surged, Chief Executive Toby Lenk said. EToys processed more than 1 million orders during its fiscal third quarter ended Friday, and saw its number of customers jump more than 2.5 times from the 611,000 it had at the end of September, the Santa Monica-based company said. EToys’ stock has lost more than half its value this month, partly on concerns about competition and whether gross margins will be hurt by higher costs of delivering last-minute orders, coupons and free shipping upgrades. Shares of EToys rose 69 cents to close at $26.25 on Nasdaq.

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