Wayfair Announces First Quarter 2019 Results
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Wayfair (W) Misses Q1 EPS by 2c, Revenues Beat
May 2, 2019 7:06 AM EDTWayfair (NYSE: W) reported Q1 EPS of ($1.62), $0.02 worse than the analyst estimate of ($1.60). Revenue for the quarter came in at $1.94 billion versus the consensus estimate of $1.92 billion.
First Quarter 2019 Financial Highlights
Direct Retail net revenue, consisting of sales generated primarily through Wayfairs sites, increased $542.3 million to $1.9 billion, up 39.0% year over yearGross profit was $470.5 million or 24.2% of total net revenueGAAP... More