ChoiceStream

Drugstore.com posted higher revenue in the third quarter and narrowed its net loss from the prior year. The company reported a gain in net sales of 10.3% to $96.8 million from $87.8 million in the prior year. Net loss was $1.6 million compared to a net loss of $3.6 million for the third quarter of 2008. “Our growth was a result of continued strong sales of replenishment and beauty items to our loyal customer base and impressive new customer growth,” said Drugstore.com CEO Dawn Lepore. “This new customer growth was achieved while reducing our marketing cost per new customer.”Read the full article