Shares of Wayfair Inc (NYSE:W) are sliding today, reversing premarket gains despite the Boston-based department store name's better-than-expected third-quarter results. The company's adjusted earnings of 22 cents per share beat estimates of 13 cents per share, while revenue also came in above expectations, despite falling from the same quarter a year ago. W was last seen down 0.8% at $42.50, and headed for its fifth-straight week of losses. The equity was rejected by pressure at the $58 level earlier this m ...

Core Insights - Wayfair's third-quarter adjusted profit exceeded analysts' expectations, but the company experienced a decline in customer numbers and orders delivered [1][2] - The company reported adjusted earnings per share (EPS) of $0.22, nearly double the forecast, while revenue fell 2% year-over-year to $2.88 billion [1][2] - CEO Niraj Shah acknowledged ongoing challenges in the market, despite the company managing to grow its market share [3] Customer Metrics - Active customers decreased by 3% to 21.7 million, and orders delivered fell by 6% to 9.3 million [2] - Repeat customers placed 7.4 million orders, also down 6% [2] - Revenue per customer increased by 1% to $545, and the average order value rose by $13 to $310 [2] Financial Performance - The adjusted EBITDA margin was reported at 4% [1] - Operating expenses were reduced by 11% to $947 million [2] - Despite initial gains in premarket trading, Wayfair's shares fell by 1% and have lost a third of their value this year [3]

Wayfair (W) reported $2.88 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 2%. EPS of $0.22 for the same period compares to -$0.13 a year ago.The reported revenue represents a surprise of +0.04% over the Zacks Consensus Estimate of $2.88 billion. With the consensus EPS estimate being $0.15, the EPS surprise was +46.67%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Wayfair (W) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to loss of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 46.67%. A quarter ago, it was expected that this online home goods retailer would post earnings of $0.50 per share when it actually produced earnings of $0.47, delivering a surprise of -6%.Over the last four quarters, the company ...

Exhibit 99.1 Wayfair Announces Third Quarter 2024 Results, Reports Strong Profitability in Tandem with Further Market Share Gains Q3 Net Revenue of $2.9 billion with 21.7 million Active Customers BOSTON, MA — November 1, 2024 — Wayfair Inc. ("Wayfair," "we," or "our") (NYSE: W), one of the world's largest destinations for the home, today reported financial results for its third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights • Total net revenue of $2.9 billion, decreased $60 millio ...

Q3 Net Revenue of $2.9 billion with 21.7 million Active CustomersBOSTON, Nov. 1, 2024 /PRNewswire/ -- Wayfair Inc. ("Wayfair," "we," or "our") (NYSE: W), one of the world's largest destinations for the home, today reported financial results for its third quarter ended September 30, 2024.Third Quarter 2024 Financial Highlights Total net revenue of $2.9 billion, decreased $60 million, down 2.0% year over year U.S. net revenue of $2.5 billion, decreased $60 million, down 2.3% year over year International net r ...

Wall Street analysts forecast that Wayfair (W) will report quarterly earnings of $0.15 per share in its upcoming release, pointing to a year-over-year increase of 215.4%. It is anticipated that revenues will amount to $2.89 billion, exhibiting a decline of 1.9% compared to the year-ago quarter. The current level reflects a downward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their in ...

Core Insights - Wayfair Inc. has launched a new loyalty program called Wayfair Rewards, aimed at providing significant value and convenience to its customers [1] - The program offers a variety of benefits including 5% back in rewards on all merchandise, free shipping, exclusive sales, and priority customer service [1] Company Overview - Wayfair generated $11.9 billion in net revenue for the twelve months ended June 30, 2024 [3] - The company is headquartered in Boston, Massachusetts, and operates globally [3] Loyalty Program Details - Wayfair Rewards requires a $29/year subscription and includes benefits such as: - 5% back in rewards on all merchandise across Wayfair and its specialty brands [1] - Rewards do not expire as long as membership is maintained [1] - Exclusive member-only sales with significant discounts [1] - Early access to major sales events like Way Day [1] - Free shipping on all items regardless of order size [1] - Priority customer service with a dedicated phone line [1] - Special offers including a birthday perk [1]

Group 1 - Rising interest rates have negatively impacted Wayfair's stock, leading to a 9.3% decline in share price [1] - The increase in Treasury yields indicates that investors expect the Federal Reserve to delay interest rate cuts, with some economists predicting no cuts in the upcoming meeting [1][2] - High mortgage rates have cooled off Wayfair's business, as spending on home improvement is closely linked to mortgage rates and existing home sales are near a 30-year low [2] Group 2 - Wayfair experienced significant growth during the pandemic but has struggled with revenue growth and GAAP profits since then [3] - There is optimism that interest rate cuts from the Federal Reserve will eventually occur, although the timing remains uncertain [3] - Both presidential candidates have proposed programs to address the national housing shortage, which could benefit Wayfair in the long run [3][4] Group 3 - The housing market is expected to recover eventually, and Wayfair is positioned to capitalize on this recovery [4]

BOSTON, Oct. 8, 2024 /PRNewswire/ -- Wayfair Inc. (NYSE: W) (the "Company," "we" or "Wayfair") today announced that its subsidiary, Wayfair LLC (the "Issuer"), closed its previously announced private offering of $800 million in aggregate principal amount of 7.250% senior secured notes due 2029 (the "Notes"). The Notes will mature on October 31, 2029, unless earlier repurchased or redeemed in accordance with their terms.We intend to use the net proceeds from the Notes offering, together with cash on hand, for ...