Down 88%, Is Wayfair a Top Recovery Stock for 2025?
Wayfair(W) The Motley Fool·2024-11-05 09:07
Wayfair just whiffed on its latest report, but better times could be in store.Few pandemic winners have been hit as hard as Wayfair (W 4.43%). Shares of the online home-furnishings leader plunged in 2022 and have been down for the count since then as revenue growth has been negative almost every quarter since mid-2021.In its third-quarter earnings report, the company said revenue declined 2% year over year to $2.9 billion, and it remained unprofitable on a generally accepted accounting principles (GAAP) bas ...