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Wayfair CEO likens home goods slowdown to 2008 financial crisis: 'Customers remain cautious'
CNBC· 2024-08-01 19:01
The first Wayfair brick-and-mortar store prepares to open on May 02, 2024 in Wilmette, Illinois.Online home goods company Wayfair saw sales decline in its fiscal second quarter as its CEO likened the current slowdown in the home goods category to the 2008 financial crisis."Our credit card data suggests that the category correction now mirrors the magnitude of the peak to trough decline the home furnishing space experienced during the great financial crisis," Wayfair CEO Niraj Shah said in a news release. "C ...
Wayfair Announces Second Quarter 2024 Results, Reports Best Quarter of Profitability and Cash Flow in Three Years
Prnewswire· 2024-08-01 19:00
Q2 Net Revenue of $3.1 billion with 22.0 million Active CustomersBOSTON, Aug. 1, 2024 /PRNewswire/ -- Wayfair Inc. ("Wayfair," "we," or "our") (NYSE: W), one of the world's largest destinations for the home, today reported financial results for its second quarter ended June 30, 2024.Second Quarter 2024 Financial HighlightsTotal net revenue of $3.1 billion, decreased $54 million, down 1.7% year over yearU.S. net revenue of $2.7 billion, decreased $55 million, down 2.0% year over yearInternational net revenue ...
Countdown to Wayfair (W) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
ZACKS· 2024-07-29 22:21
文章核心观点 - 华尔街分析师预计Wayfair(W)在即将公布的季度财报中,每股收益将达到0.50美元,同比增长138.1% [1] - 收入预计将达到31.8亿美元,同比增长0.3% [1] - 分析师对本季度的盈利预测已下调1.2%,反映了分析师对公司业绩的重新评估 [2][3] 公司财务指标总结 地区收入 - 国际地区收入预计为3.8022亿美元,同比下降1.5% [6] - 美国地区收入预计为27.9亿美元,同比增长0.2% [7] 订单情况 - 预计送货订单量为10,325.43千单,去年同期为10,300千单 [8] - 预计平均订单价值为307.24美元,去年同期为307美元 [9] - 预计活跃客户数为22,462.38千,去年同期为21,800千 [10] - 预计每活跃客户过去12个月收入为531.84美元,去年同期为545美元 [11] - 预计重复客户订单量为8.30千单,去年同期为8.3千单 [12] - 预计重复客户订单占比为80.8%,去年同期为80.1% [13] 股票表现 - 过去一个月,公司股价上涨0.6%,而标普500指数下跌0.2% [14] - 公司目前评级为中性(Zacks Rank 3) [14]
Dear Wayfair Stock Fans, Mark Your Calendars for July 26
Investor Place· 2024-07-18 22:02
This week, there’s been a great deal of focus on Amazon (NASDAQ:AMZN) as it held its Prime Day event from July 16-17. Now, online furniture retailer Wayfair (NASDAQ:W) is getting in on the summer shopping extravaganza. Specifically, the firm will be holding a four-day Black Friday-style shopping event from July 26-29. The event could increase investors’ focus on Wayfair stock in the next few weeks.Wayfair’s Black Friday in July EventStarting July 26 at midnight, consumers who visit Wayfair.com will see disc ...
Wayfair Announces Black Friday in July Sale
Prnewswire· 2024-07-18 19:00
Up to 80 percent off all things home July 26-29BOSTON, Mass., July 18, 2024 /PRNewswire/ -- Wayfair Inc. (NYSE:W), the destination for all things home, is celebrating Black Friday in July with four days of exclusive sales, including flash deals that drop every 24 hours and limited quantity doorbusters at jaw-dropping prices across brands like Blackstone, Cuisinart, GE, and Sealy. Beginning July 26 at midnight ET, shoppers can save on everything they need for their dream homes – from hosting essentials to ho ...
Wayfair Schedules Second Quarter 2024 Earnings Release and Conference Call
Prnewswire· 2024-06-26 19:00
BOSTON, June 26, 2024 /PRNewswire/ -- Wayfair Inc. (NYSE:W), the destination for all things home, today announced it will release financial results for its second quarter ending June 30, 2024 before the opening of the market on August 1, 2024.Wayfair will host a conference call at 8 a.m. ET on Thursday, August 1 to review results. Investors and participants can register for the call in advance by visiting https://bit.ly/4exc4Dz.The call will also be available via live webcast at https://bit.ly/3KXgAxx. The ...
Wayfair Releases Third-Annual Corporate Responsibility Report, Sets Ambitious Zero Waste Target
Prnewswire· 2024-06-12 19:00
BOSTON, June 12, 2024 /PRNewswire/ -- Wayfair Inc. (NYSE:W), the destination for all things home, today released its third-annual Corporate Responsibility Report, showcasing the company's progress and initiatives across sustainability, social impact, and diversity, equity and inclusion in 2023. This year's report, titled "Bringing Impact Home," marks the second consecutive year Wayfair has referenced the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB) frameworks, r ...
Why Wayfair Stock Jumped 19% in May
The Motley Fool· 2024-06-04 22:28
It's making progress in its recovery.Furniture retailer Wayfair (W -1.28%) stock gained 19% in May according to data provided by S&P Global Market Intelligence. Wall Street celebrated progress in its turnaround despite a harsh operating climate for the home improvement industry.Wayfair is trying to stage a comebackWayfair was a pandemic darling whose star plunged when people stopped focusing on home improvement. Wayfair's sales declined for nine straight quarters before finally breaking that trend in the 20 ...
3 Reasons Wayfair Is NOT a Buy Despite the Brick-and-Mortar News
Investor Place· 2024-05-31 18:00
One of the companies whose share price has recovered nicely from last fall’s significant correction — the S&P 500 lost 9.4% from the beginning of August 2023 through the end of October — is Wayfair (NYSE:W), the online furniture retailer. Wayfair stock is up roughly 44% since hitting its 52-week low of $37.85 at the end of October. On May 17, Barron’s reported that Wayfair was opening its first large-format store in the week of May 20. It opened on May 23 in Wilmette, Illinois. KeyBanc analyst Bradley Thoma ...
Why Wayfair Stands To Win Going Big With Its Brand New Big Box
forbes.com· 2024-05-30 02:26
文章核心观点 - 尽管在线销售下滑,但Wayfair的股价在第一季度财报超预期的带动下上涨超过16% [1] - Wayfair开设了第一家实体门店,这可能标志着家具和家居装饰行业的新零售趋势 [1][2] - Wayfair计划未来拥有一系列大型实体店,并将从首家门店的运营中学习优化其零售策略 [3] 根据目录分类总结 Wayfair进军实体零售的原因 - 实体门店有助于客户获取,尤其是随着在线广告变得更加困难 [5] - 实体门店有"光环效应",可以提升线上销售和客单价 [6] - 实体门店对直接面向消费者的公司尤其有利,即使是"数字原生"的年轻客群也更喜欢实体购物 [6] - 即使是成功的电商公司,也有充分理由开设实体门店 [7] Wayfair大型门店的战略意义 - 大型门店可以提供更丰富的产品选择和服务,满足家具和家居装饰消费者的需求 [11] - 大型门店的选址可能反映了Wayfair看好小城镇人口增长的趋势 [12][13][14][15] - 大型门店可以为Wayfair的线上客户提供更快的配送服务 [16]