Wayfair (W) Q2 Earnings Miss Estimates, Revenues Down Y/Y

Wayfair (W) reported second-quarter 2024 non-GAAP earnings of 47 cents per share, missing the Zacks Consensus Estimate by 6%. The company reported earnings of 21 cents per share in the year-ago quarter.Net revenues of $3.12 billion lagged the consensus mark by 2%. The top line decreased 1.7% year over year.LTM net revenues per active customer decreased 0.9% year over year to$ 540, which beat the Zacks Consensus Estimate by 1.5%.Nevertheless, growth in the active customer base remained positive. Active custo ...