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Shutterfly CEO Jeffrey Housenbold on the company’s overall growth and why the holiday season is such a significant part of the company’s business.
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Top of it by joining us -- on -- Fox Business exclusive from Mountain View California is Geoffrey thousand both.
The CEO and president of Shutterfly that we needed -- that they -- sorry about the technical issues a second ago.
Thanks for -- high grade so we got -- right now holiday season got a huge for you guys who were talking about the stock earlier it's the -- a nice it'll pop they have about a half percent last time I saw that has not been a very good year for you how important is this holiday season for you.
You know traditionally Q4 is a very large quarter for us it's 55 to 57% of our annual -- -- you.
And we're poised to do great this quarter as we have for the last eleven years.
You know we're gonna sell.
Inception to date more than 700 million cards most of those error Chanukah and Christmas cards so this is the exciting quarter for us.
Yeah we talk about the competition all the time we were talking about American Greetings earlier to how they had a they're having a tough time the right now it seems like competition is growing.
Left and right how are you dealing with that is that one of the reasons why the stock prices been so depressed.
You know our commitment to innovation design -- products and services.
Customer friendly policies industry leading.
Quality and -- focused financial discipline has allowed us to become the market leader in this category and we continue to take share.
Recently we were with info -- who covers our category and there estimating that our share the market increase from 35%.
In 2010.
To 40% in 2011.
So I think we're poised to continue to capture the natural migration of people wanting to share their sentiments.
On -- to now they wanna do that in an online way.
And Shutterfly is a perfect match for that customer interest.
You know you -- the updated your iPhone that he actually did that this month.
Obviously every CEO every business out there really passed -- remain focused on this mobile revolution don't you.
A Mobil's important throughout category it's actually a fantastic -- -- -- category to someone always has a camera now on their pocket.
And we're seeing increased number of mobile pictures being uploaded and turned into wonderful holiday cards like mine here in -- com photo books for Christmas gifts.
We've had more than two million Facebook's pictures printed recently so mobile and social are really important to growing our category.
Hi Jeff we judge every house and fully appreciate its drive the technical difficulties we'll get you back on another time for -- share best luck -- -- the holiday season.
I should -- know it's very important to.
I think happy holidays -- not happy holidays --
