Good results for Roomba and iRobot products

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iRobot anticipates second-quarter 2020 revenue between 260 million and 270 million dollar versus prior expectations for second-quarter 2020 revenue to be down modestly from first-quarter 2020 revenue of 193 million dollar. The company’s expected second-quarter 2020 top-line performance reflects robust order growth for premium products, namely the Roomba® i7 Series and s9 Series, and Braava® jet m Series.
«Our anticipated second-quarter 2020 financial performance will be substantially better than we originally expected – stated Colin Angle, iRobot’s chairman and chief executive officer. – We have experienced strong demand thus far into the second quarter, particularly in the U.S., with solid growth in our premium products. Maintaining a clean home has become a higher priority for many consumers as COVID-19 has forced people to spend more time in their homes. Our floor cleaning robots have become true partners to millions of customers around the globe, enabling them to keep their homes tidy while freeing them to focus on other priorities, which may now include working from home, childcare and home schooling.»

Roomba s9+

Geographically, quarterly U.S. revenue is anticipated to grow in the mid-single digit range on a percentage basis over last year’s second quarter. International revenue for the second quarter is expected to decline modestly as solid growth in Japan is likely to be more than offset by softness in Europe.
Year-to-date sell-through growth on a unit basis through the end of May has strengthened in the U.S. due to accelerated purchasing over the past two months, and remained positive in EMEA. The company has enjoyed double-digit sell-through growth in Japan in each of the past four weeks although year-to-date sell-through has remained negative.

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