Key PointsWayfair offers consumers a frictionless shopping and delivery experience at the click of a mouse instead of time-consuming trips to brick-and-mortar furniture stores.Wayfair gained market share in the furniture and home goods segment for the sixth consecutive quarter as competitor Home Goods shut down its online store in October 2023.Wayfair has a 17.4% short interest and has had short squeezes in the past.5 stocks we like better than WayfairWayfair Inc. NYSE: W is an e-commerce platform specializ ...

BOSTON, April 2, 2024 /PRNewswire/ -- Wayfair Inc. (NYSE:W), one of the world's largest destinations for the home, today announced that it will release financial results for its first quarter ending March 31, 2024 before the opening of the market on May 2, 2024. Wayfair will host a conference call at 8 a.m. ET on Thursday, May 2 to review results. Investors and participants can register for the call in advance by visiting https://bit.ly/3VIr22A.  The call will also be available via live webcast at https://b ...

jetcityimage Summary Readers may find my previous coverage via this link. My previous rating was a buy as I believed Wayfair (NYSE:W) was trading at an attractive valuation and that its financials were all moving in the right direction (revenue is growing, and gross and EBITDA margins are also expanding). Furthermore, W was gaining significant market share. I am reiterating my buy rating for W as I expect the business to continue to gain share due to consumers shifting towards digital purchases vs. offline ...

Unveiling a refreshed logo, a new take on the brand's iconic jingle, and more, the star-studded campaign inspires consumers to celebrate their personal home styles and needs, unapologeticallyBOSTON, March 11, 2024 /PRNewswire/ -- Wayfair Inc. (NYSE:W), one of the world's largest destinations for the home, today announced the launch of its new brand campaign, "Welcome to the Wayborhood." The campaign marks a pivotal moment in the ongoing evolution of the Wayfair brand as the company introduces a refreshed lo ...

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Wayfair (W) reported a fourth-quarter 2023 non-GAAP loss of 11 cents per share, narrower than the Zacks Consensus Estimate for a loss of 23 cents per share. The company reported a loss of $1.71 per share in the year-ago quarter.Net revenues of $3.11 billion surpassed the consensus mark by 0.5%. The top line increased 0.4% year over year.Growth in the active customer base positively impacted results. Active customers were up 1.4% year over year to 22.4 million and beat the consensus mark by 0.51%.LTM net rev ...

Key TakeawaysWayfair reported that it added customers and reduced expenses, helping it post better-than-expected fourth-quarter results.The online furnishing retailer's adjusted net loss was narrower than forecast, while its revenue for the latest quarter beat estimates.CEO Niraj Shah said Wayfair benefited from job cuts and other steps to improve efficiencies.Wayfair Inc. (W) shares jumped Thursday after the online home furnishing retailer posted a lower-than-expected net loss as it cut costs and added cus ...

Wayfair's leaders say several recent rounds of layoffs have made the company better and better. In January, the home goods company laid off 13% of its workforce, affecting 1,650 employees. The leaders say the smaller staff has helped the company get more done faster — and cheaper.  NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're ...

Wayfair Inc. (NYSE:W) Q4 2023 Earnings Conference Call February 22, 2024 8:00 AM ET Company Participants James Lamb - Head of Investor Relations Niraj Shah - CEO, Co-Founder and Co-Chairman Steve Conine - Co-Chairman and Co-Founder Kate Gulliver - Chief Financial Officer and Chief Administrative Officer Conference Call Participants Simeon Gutman - Morgan Stanley Alexandra Steiger - Goldman Sachs Brian Nagel - Oppenheimer Anna Andreeva - Needham Colin Sebastian - Baird Christopher Horvers - JPMorgan Steven F ...

For the quarter ended December 2023, Wayfair (W) reported revenue of $3.11 billion, up 0.4% over the same period last year. EPS came in at -$0.11, compared to -$1.71 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.1 billion, representing a surprise of +0.51%. The company delivered an EPS surprise of +52.17%, with the consensus EPS estimate being -$0.23.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expe ...