Key TakeawaysWayfair on Thursday reported better-than-expected first-quarter results, sending shares of the online home furnishings retailer sharply higher.Wayfair's chief financial officer, Kate Gulliver, said the company experienced a positive impact on costs in the latest quarter after it cut staff in January.Chief Executive Officer Niraj Shah said the quarter ended on an "upswing" for Wayfair and that shoppers are increasingly choosing to shop with the company. Wayfair (W) shares soared Thursday after t ...

Wayfair Inc. (NYSE:W) Q1 2024 Earnings Conference Call May 2, 2024 8:00 AM ET Company Participants James Lamb - Head of Investor Relations Niraj Shah - Chief Executive Officer, Co-Chairman and Co-Founder Steve Conine - Co-Chairman and Co-Founder Kate Gulliver - Chief Financial Officer and Chief Administrative Officer Conference Call Participants Christopher Horvers - JPMorgan Maria Ripps - Canaccord Genuity Colin Sebastian - Baird Peter Keith - Piper Sandler Jonathan Matuszewski - Jefferies Simeon Gutman - ...

Wayfair (W) reported $2.73 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 1.6%. EPS of -$0.32 for the same period compares to -$1.13 a year ago.The reported revenue represents a surprise of +3.31% over the Zacks Consensus Estimate of $2.64 billion. With the consensus EPS estimate being -$0.45, the EPS surprise was +28.89%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

Wayfair (W) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of a loss of $0.45. This compares to loss of $1.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.89%. A quarter ago, it was expected that this online home goods retailer would post a loss of $0.23 per share when it actually produced a loss of $0.11, delivering a surprise of 52.17%.Over the last four quarters, the company has ...

Exhibit 99.1 Wayfair Announces First Quarter 2024 Results, Reports Fourth Consecutive Quarter of Strong Profitability Q1 Net Revenue of $2.7 billion with 22.3 million Active Customers BOSTON, MA — May 2, 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 first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights "The first quarter ended on an upswing," said Niraj Shah, CEO, co-founder and ...

Wayfair's sales slid during its first fiscal quarter, but the online furniture retailer reduced its losses after cutting 13% of its workforce at the start of the year, the company announced Thursday. Wayfair beat Wall Street's expectations on the top and bottom lines and saw active customers grow nearly 3% compared to the year-ago period. Here's how Wayfair did compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:Loss per share: 32 cents adjusted vs. a loss of 44 cents expe ...

There might be a rebound happening even now.Betting on a recovery, investors have sent up Wayfair (W -3.84%) stock 75% over the past year. Most of that gain came during 2023, but the stock has held steady so far this year as investors wait to hear the next update from the online furniture seller.Wayfair stock is still down 82% from its highs, and it's still trading at a dirt cheap valuation of 0.6 times trailing-12-month sales. But 53% of 38 covering Wall Street analysts are saying to buy it right now, and ...

Evercore ISI upgraded Wayfair Inc (NYSE:W) stock to "outperform" from "in line" and lifted its price objective to $80 from $65 this morning. The brokerage firm highlighted the e-commerce name's potential to steal market share as the home furnishing business recovers. At last check, W is 3.9% higher at $64.83.The $72 level has acted as a ceiling for the equity since September, more recently rejecting its late March rally. Meanwhile, the 20-day moving average has guided shares higher. Now on track to snap a t ...

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