Wayfair (W) PT Raised to $135 at Stephens Following 2Q
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Wayfair Announces Second Quarter 2018 Results
August 2, 2018 7:00 AM EDTQ2 Direct Retail Net Revenue Growth of 49% Year over Year to $1.6 billion
12.8 million Active Customers, up 34% Year over Year
BOSTON--(BUSINESS WIRE)-- Wayfair Inc. (NYSE: W), one of the worlds largest online destinations for the home, today reported financial results for its second quarter ended June 30, 2018.
Second Quarter 2018 Financial Highlights
Direct Retail net revenue, consisting of sales generated primarily through Wayfairs sites, increased $538.5 million to $1.6 billion, up 48.8% year over year Gross profit was $385.0 million or 23.3% of... More