Wayfair Announces Second Quarter 2019 Results
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Wayfair (W) Sees Q3 Net Revenue of $2.23B-$2.28B vs $2.31B Expected - Bloomberg, Citing Call
August 1, 2019 8:44 AM EDTWayfair (NYSE: W) Sees Q3 Net Revenue of $2.23B-$2.28B vs $2.31B Expected - Bloomberg, Citing Call
Wayfair (W) Reports In-Line Q2 EPS, Revenues Beat
August 1, 2019 7:05 AM EDTWayfair (NYSE: W) reported Q2 EPS of ($1.35), in-line with the analyst estimate of ($1.35). Revenue for the quarter came in at $2.34 billion versus the consensus estimate of $2.26 billion.
Second Quarter 2019 Financial Highlights
Direct Retail net revenue, consisting of sales generated primarily through Wayfairs sites, increased $690.8 million to $2.3 billion, up 42.1% year over yearGross profit was $559.6 million or 23.9% of total net revenueGAAP net loss was $181.9 millionAdjusted EBITDA was $(70.0) million or (3.0)% of total net revenueGAAP basic and diluted net loss per share was $1.98Non-GAAP diluted net loss... More