Wayfair: Long-Term Growth And Margin Expansion Narrative Remains Intact

The Good Brigade Investment summary My previous investment piece on Wayfair (NYSE:W) (published on 5th June) had a buy rating because of the positive long-term growth outlook, which is well-supported by W’s competitive advantage. Additionally, I believed that W was going to see strong EBITDA margin inflection when growth recovered. 2Q24 results update Released on 1st August, 2Q24 total revenue fell by 1.7%, missing consensus flattish expectation (0.2% y/y growth estimate). Poor growth was dragged down b ...