Wayfair Announces Third Quarter 2019 Results

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Go back to Wayfair Announces Third Quarter 2019 Results

Needham & Company Downgrades Wayfair (W) to Hold

November 1, 2019 7:38 AM EDT

Needham & Company analyst Rick Patel downgraded Wayfair (NYSE: W) from Buy to Hold.

The analyst comments "We lower Wayfair (W) to Hold from Buy on decreased visibility on the trajectory of sales growth. Guidance for sales growth disappointed for the second... More

Wayfair (W) Falls 20% Pre-Open After Reporting Q3 Results

October 31, 2019 8:40 AM EDT

Wayfair (NYSE: W) Falls 20% Pre-Open After Reporting Q3 Results

... More

Wayfair (W) Misses Q3 EPS by 13c, Revenues Beat

October 31, 2019 7:07 AM EDT

Wayfair (NYSE: W) reported Q3 EPS of ($2.23), $0.13 worse than the analyst estimate of ($2.10). Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.27 billion.

Third Quarter 2019 Financial Highlights

Direct Retail net revenue, consisting of sales generated primarily through Wayfairs sites, increased $607.2 million to $2.3 billion, up 35.9% year over yearGross profit was $539.9 million or 23.4% of total net revenueGAAP net loss was $272.0 millionAdjusted EBITDA was $(144.2) million or (6.3)% of total net revenueGAAP basic and diluted net loss per share was $2.94Non-GAAP diluted net loss per... More