Wayfair Stock Declines as Online Home Furnisher Loses Customers
WWayfair(W) Investopedia·2024-11-01 22:51

Key TakeawaysWayfair's third-quarter adjusted profit was well above analysts' estimates, but its shares slipped Friday as it lost customers.The online home furnishing retailer also saw orders delivered and repeat customer orders fall.Co-founder and CEO Niraj Shah said the company faced "sustained challenges in the category." Wayfair (W) shares slipped Friday even as adjusted profit soared above analysts' estimates as the online home furnishing retailer lost customers. The company reported third-quarter adju ...