Chegg Has A Bright Future Ahead. Chegg has remained a top performer in the industry since a long time: the company's revenue growth has averaged 19.7% over the past three years, while its peers have seen their top line decrease at a rate of 5.4%. Chegg has partnered with Fanatics to deliver a broad assortment of college gear to students and recent grads. Fanatics is already a leader in online retail; through the partnership, officially licensed school-branded apparel from Fanatics will be available for sale through Chegg. Chegg has zero debt.
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Top line growth is critical for a business. Growing a customer base takes time and expense. Skyo appears to be dead so that will relieve retail pricing pressure on Chegg18. Skyo forced online competition to match their low prices....no more. Chegg also outsourced the inventory management to a distributor so the fulfillment cost and risk of inventory loss would be much lower.
Chegg Inc reported increasing revenues of $255.57M (2013), $213.33M (2012), $172.02M (2011) and $148.92M (2010) but also increasing net losses of $55.85M (2013), $49.04M (2012), $37.60M (2011) and $25.98M (2010).
Great for Chegg.