eBay Forecasts Upbeat Revenue as Sneakers, Refurbished Items Drive Growth

eBay Forecasts Upbeat Revenue as Sneakers, Refurbished Items Drive Growth
The eBay app is seen on a smartphone in an illustration taken on July 13, 2021. Dado Ruvic/Illustration/Reuters
Reuters
Updated:

EBay Inc. on Wednesday forecast current-quarter revenue above Wall Street projections after beating March-quarter earnings estimates, as it benefits from its strategy of focusing on product categories including sneakers and watches.

A selective push from the ecommerce firm also on items like collectibles and refurbished products is helping it drive sales at a time when consumer spending has moderated due to high inflation.