Financial Performance - Wayfair Inc. reported an earnings per share (EPS) of -$0.89 for February 19, 2026, missing the anticipated EPS of $0.64, but revenue reached approximately $3.34 billion, exceeding expectations of $3.30 billion [1][6] - The company achieved its first annual sales growth since 2020, with total sales reaching $12.5 billion in 2025, marking a significant turnaround [2][6] - For the fourth quarter of 2025, Wayfair reported net revenue of $3.3 billion, a 6.9% increase compared to the same period in the previous year [4] Customer Growth and Market Position - Wayfair's active customer base expanded to 21.3 million, indicating success in attracting new customers and strong repeat order growth [4] - CEO Niraj Shah expressed optimism about the company's future, noting the third consecutive quarter of new customer growth and robust growth in repeat orders [5] Stock Performance and Financial Ratios - Despite positive sales and revenue growth, Wayfair's stock has been declining due to a debt extinguishment loss, with a price-to-earnings (P/E) ratio of approximately -38 and a price-to-sales (P/S) ratio of about 0.96 [3][6] - The company's current ratio is approximately 0.94, suggesting potential challenges in meeting short-term liabilities with short-term assets [5]

Quarterly MetricsThe company reported fourth-quarter adjusted earnings per share of 85 cents, beating the analyst consensus estimate of 66 cents. Quarterly sales of $3.337 billion (+6.9% year over year) outpaced the Street view of $3.301 billion.Active customers totaled 21.3 million as of December 31, 2025, a decrease of 0.5% year over year.Total net revenue, excluding the impact of exit from the German market, grew 7.8% year over year.U.S. net revenue totaled $2.9 billion, rising 7.4% year over year. Inter ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Core Insights - Wayfair's stock experienced its worst post-earnings reaction in nearly four years due to an unexpected net loss for the latest quarter and a warning about potential narrowing of profit margins [1] Company Summary - The company reported a net loss for the latest quarter, which was unexpected and negatively impacted its stock performance [1] - There is a cautionary outlook regarding profit margins, indicating potential challenges ahead for the company's financial health [1]

DoorDash - DoorDash reported earnings of 48 cents per share on revenue of $3.96 billion, which missed expectations, as the market was looking for 59 cents per share [2][3] - Total orders increased by 32% year-over-year, and gross order value surged by 39% [2][3] - The CEO emphasized strong momentum and a long-term investment strategy, including plans for autonomous delivery and technology upgrades [4] Wayfair - Wayfair experienced a significant drop in stock price, down 13%, despite beating adjusted earnings expectations with 85 cents per share against a forecast of 66 cents [6][7] - The company reported a larger-than-expected unadjusted loss of 89 cents per share, compared to an expected loss of just 1 cent, impacted by equity-based compensation and debt repurchases [7][8] - New customer growth continued for the third consecutive quarter, with orders per customer rising by 3.7%, although the total active customer base declined slightly [8][9] Deere - Deere's stock rose by 7% after reporting better-than-expected results, with earnings per share of $2.42 compared to an expected $2.06, and sales of $9.61 billion against a forecast of $7.69 billion [11][12] - The company provided a positive sales growth outlook, indicating that its segments are outperforming their respective industries [12] - Despite a slight year-over-year decline typical for the first quarter, the results exceeded expectations, suggesting stabilization in the industry [13]

Core Viewpoint - Wayfair reported quarterly earnings of $0.85 per share, exceeding the Zacks Consensus Estimate of $0.64 per share, and showing a significant improvement from a loss of $0.25 per share a year ago, indicating a strong earnings surprise of +32.65% [1] Financial Performance - The company achieved revenues of $3.34 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.48% and reflecting a year-over-year increase from $3.12 billion [2] - Over the last four quarters, Wayfair has consistently surpassed consensus EPS estimates, achieving this four times [2] Stock Performance and Outlook - Wayfair shares have declined approximately 8.9% since the beginning of the year, contrasting with the S&P 500's gain of 0.5% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the sustainability of the recent earnings numbers [3][4] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $0.27 on revenues of $2.89 billion, while for the current fiscal year, the estimate is $2.97 on revenues of $13.15 billion [7] - The trend of estimate revisions for Wayfair was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Internet - Commerce industry, to which Wayfair belongs, is currently ranked in the bottom 23% of over 250 Zacks industries, suggesting potential challenges for stock performance [8]

专题：聚焦美股2025年第四季度财报 核心要点 周四，线上家具零售商 Wayfair 宣布，公司去年实现2020 年以来首次年度销售额增长，持续赢得追求高 性价比的消费者青睐。 2025 年，Wayfair 营收增长5.1%，至125 亿美元，扭转了 2024 年同比超 1% 的下滑态势。 这家电商巨头第四季度的营收和利润均超出华尔街预期，调整后收益也好于预期，业绩受到销售走强的 拉动。 "第四季度为 Wayfair 精彩的一年画上圆满句号。" 联合创始人兼首席执行官尼拉杰・沙阿在公告中表 示，"我们实现连续第三个季度新增客户增长，复购订单也实现稳健增长，尽管本季度行业整体出现低 个位数收缩。2025 年，我们重回增长轨道，并通过多项内生业务策略实现全年加速增长，这些策略在 未来数年仍将持续发力。" 尽管销售额增长、业绩好于预期，Wayfair 股价在周四盘前交易中仍下跌超 10%。 以下为 Wayfair 第四季度业绩与华尔街预期的对比（基于路孚特分析师调查）： 在截至 12 月 31 日的三个月内，Wayfair 净亏损 1.16 亿美元（每股亏损 0.89 美元），上年同期亏损 1.28 亿美元（每股亏 ...

Wayfair (NYSE:W) Q4 2025 Earnings call February 19, 2026 08:00 AM ET Company ParticipantsEric Sheridan - Managing DirectorJohn Blackledge - Managing DirectorKate Gulliver - CFONiraj Shah - CEORyan Barney - Senior Manager of Investor RelationsSteve Forbes - Senior Managing DirectorZachary Fadem - Managing DirectorConference Call ParticipantsBrian Nagel - Senior AnalystSimeon Gutman - Research AnalystOperatorHello, everyone. Thank you for joining us, and welcome to the Wayfair Q4 2025 earnings release and con ...

Wayfair (NYSE:W) Q4 2025 Earnings call February 19, 2026 08:00 AM ET Company ParticipantsEric Sheridan - Managing DirectorJohn Blackledge - Managing DirectorKate Gulliver - CFONiraj Shah - CEORyan Barney - Senior Manager of Investor RelationsSteve Forbes - Senior Managing DirectorZachary Fadem - Managing DirectorConference Call ParticipantsBrian Nagel - Senior AnalystSimeon Gutman - Research AnalystOperatorHello, everyone. Thank you for joining us, and welcome to the Wayfair Q4 2025 earnings release and con ...

Wayfair (NYSE:W) Q4 2025 Earnings call February 19, 2026 08:00 AM ET Speaker5Hello, everyone. Thank you for joining us, and welcome to the Wayfair Q4 2025 earnings release and conference call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star one on your telephone keypad. To withdraw your question, please press star one again. I will now hand the call over to Ryan Barney, Investor Relations. Please go ahead.Speaker6Good morning ...