Wayfair saw its quarterly sales dip amid continued pressure on home goods consumers.“Customers remain cautious in their spending on the home, and our credit card data suggests that the category correction now mirrors the magnitude of the peak to trough decline the home furnishing space experienced during the great financial crisis,” Wayfair Co-founder, Co-chairman and CEO Niraj Shah said in a Thursday (Aug. 1) news release.The company’s second-quarter earnings showed total revenues dipping 1.7%, with U.S. r ...

Wayfair (W) reported $3.12 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 1.7%. EPS of $0.47 for the same period compares to $0.21 a year ago.The reported revenue represents a surprise of -1.99% over the Zacks Consensus Estimate of $3.18 billion. With the consensus EPS estimate being $0.50, the EPS surprise was -6.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next ...

分组1 - Wayfair reported quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.50 per share, but showing an improvement from $0.21 per share a year ago, resulting in an earnings surprise of -6% [1] - The company's revenues for the quarter ended June 2024 were $3.12 billion, which was 1.99% below the Zacks Consensus Estimate and a decrease from $3.17 billion year-over-year [1] - Over the last four quarters, Wayfair has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [1] 分组2 - The stock has underperformed the market, losing about 11.8% since the beginning of the year compared to the S&P 500's gain of 15.8% [2] - The current consensus EPS estimate for the upcoming quarter is $0.43 on revenues of $3 billion, and for the current fiscal year, it is $1.13 on revenues of $12.14 billion [4] - The Internet - Commerce industry, to which Wayfair belongs, is currently ranked in the top 22% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [5]

Exhibit 99.1 Wayfair Announces Second Quarter 2024 Results, Reports Best Quarter of Profitability and Cash Flow in Three Years Q2 Net Revenue of $3.1 billion with 22.0 million Active Customers BOSTON, MA — August 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 second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights "Q2 was a dynamic quarter that resulted in another period of shar ...

Company Performance - Wayfair's sales declined to $3.12 billion in the fiscal second quarter, down approximately 2% from $3.17 billion a year earlier, despite an increase in average order values from $313 to $307 [2] - The company reported a loss of $42 million, or 34 cents per share, which is an improvement from the loss of $46 million, or 41 cents per share, in the same quarter last year [1][2] - Adjusted EBITDA for the quarter was $163 million, slightly below Wall Street's expectation of $168 million [4] Market Conditions - The home goods category is experiencing a significant correction, comparable to the declines seen during the 2008 financial crisis, as consumers are cautious in their spending due to high interest rates and inflation [1][3] - The overall housing market has stagnated, leading to reduced demand for new furniture as consumers are buying fewer new homes [2] - Wayfair has been offering discounts to attract customers and does not anticipate a recovery in the home goods category until interest rates are reduced and the housing market improves [2] Strategic Initiatives - Wayfair has implemented mass layoffs to align its cost structure with the current size of its business [4] - The company aims to demonstrate substantial growth in profitability moving forward, despite challenges in top-line growth [4] - The opening of its first large format store is part of its strategy to enhance customer engagement [2]

Q2 Net Revenue of $3.1 billion with 22.0 million Active CustomersBOSTON, Aug. 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 second quarter ended June 30, 2024.Second Quarter 2024 Financial HighlightsTotal net revenue of $3.1 billion, decreased $54 million, down 1.7% year over yearU.S. net revenue of $2.7 billion, decreased $55 million, down 2.0% year over yearInternational net revenue ...

Analysts on Wall Street project that Wayfair (W) will announce quarterly earnings of $0.50 per share in its forthcoming report, representing an increase of 138.1% year over year. Revenues are projected to reach $3.18 billion, increasing 0.3% from the same quarter last year.The current level reflects a downward revision of 1.2% 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 initial projections over ...

This week, there's been a great deal of focus on Amazon (NASDAQ:AMZN) as it held its Prime Day event from July 16-17. Now, online furniture retailer Wayfair (NASDAQ:W) is getting in on the summer shopping extravaganza. Specifically, the firm will be holding a four-day Black Friday-style shopping event from July 26- 29. The event could increase investors' focus on Wayfair stock in the next few weeks. Wayfair's Black Friday in July Event Starting July 26 at midnight, consumers who visit Wayfair.com will see d ...

Core Insights - Wayfair Inc. is launching a "Black Friday in July" sale from July 26 to 29, offering discounts of up to 80% on various home products [1][2] - The sale includes flash deals every 24 hours and limited quantity doorbusters across multiple brands [1][2] - Wayfair generated $12.0 billion in net revenue for the year ended December 31, 2023, indicating strong financial performance [4] Sales and Promotions - The sale will feature discounts across Wayfair's family of brands, including AllModern, Joss & Main, and Birch Lane, with exclusive deals for Wayfair Professional members [2] - Customers can shop online, via the Wayfair app, or in-person at select retail locations [2] - Notable deals include $100 off a Blackstone Griddle, 65% off a GE 7 Speed Mixer, and 70% off an Outdoor Patio Set [3] Company Overview - Wayfair is positioned as a comprehensive destination for home goods, catering to various styles and budgets [4] - The company operates several brands, including Wayfair, AllModern, Birch Lane, Joss & Main, and Perigold, each targeting different market segments [4] - Wayfair is headquartered in Boston, Massachusetts, and has a global operational footprint [4]

BOSTON, June 26, 2024 /PRNewswire/ -- Wayfair Inc. (NYSE:W), the destination for all things home, today announced it will release financial results for its second quarter ending June 30, 2024 before the opening of the market on August 1, 2024.Wayfair will host a conference call at 8 a.m. ET on Thursday, August 1 to review results. Investors and participants can register for the call in advance by visiting https://bit.ly/4exc4Dz.The call will also be available via live webcast at https://bit.ly/3KXgAxx. The ...