Wayfair (W) Tops Q2 EPS by 72c

Wayfair (NYSE: W) reported Q2 EPS of $1.89, $0.72 better than the analyst estimate of $1.17. Revenue for the quarter came in at $3.9 billion versus the consensus estimate of $3.96 billion.

“Wayfair delivered $3.9 billion in net revenue in Q2 — well above pre-pandemic run-rates, even as we began to lap the early heights of COVID-related lockdowns in 2020. While the current macro environment is dynamic, the home remains a high priority for our customers and longer term tailwinds to online category growth are firmly in place,” said Niraj Shah, CEO, co-founder and co-chairman, Wayfair. “Meaningful adjusted EBITDA and free cash flow in Q2 also reflect strong returns from many years of thoughtful investments behind each facet of our platform model. Even as we navigate any near-term volatility, we remain most focused on the long-term and further reinforcing Wayfair\'s position as the category leader for home with both customers and suppliers alike.”

For earnings history and earnings-related data on Wayfair (W) click here.

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