Wayfair Announces First Quarter 2020 Results
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Wayfair (W) Extends Gain Following Results, Up 27%
May 5, 2020 9:11 AM EDTWayfair (NYSE: W) Extends Gain Following Results, Up 27%
Wayfair (W) Tops Q1 EPS by 31c
May 5, 2020 7:03 AM EDTWayfair (NYSE: W) reported Q1 EPS of ($2.30), $0.31 better than the analyst estimate of ($2.61). Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.31 billion.
First Quarter 2020 Financial Highlights
Total net revenue increased $385.2 million to $2.3 billion, up 19.8% year over yearDirect Retail net revenue increased $391.4 million to $2.3 billion, up 20.3% year over yearU.S. net revenue increased $317.3 million, up 19.1% year over yearInternational net revenue increased $67.9 million, up 23.7% year over year. International segment Net Revenue Constant Currency Growth was 25.5%Gross profit was... More