Why did Newegg's operating profit plummet in Q4 2023?

Newegg's operating profit declined by 4.76% in Q4 2023 compared to the previous quarter. This decrease can be attributed to several factors:

1. **Macroeconomic Challenges**: Newegg faced a challenging environment due to conservative consumer spending habits influenced by macroeconomic conditions. This likely led to reduced sales and lower profit margins.
2. **Cost Optimization Initiatives**: To cope with the challenging environment, Newegg implemented cost optimization initiatives, which could have temporarily impacted profitability as these measures were put in place.

In summary, Newegg's operating profit decline in Q4 2023 was likely a result of a combination of macroeconomic challenges and cost optimization initiatives.