Wayfair FY24 Guidance At Risk Given Wobbly Demand -- Market Talk

Dow Jones04-22

0852 ET - Wayfair's full-year outlook is looking less certain because of still-slumping furniture demand, according to Wedbush. Analysts say in a research note that March furniture and home furnishings sales were little improved from the trend in January and February, implying a weak start to the critical spring furniture selling season. The analysts say higher mortgage rates and dwindling prospects of significant rate cuts in 2024 make a housing market recovery even less likely, which will translate to slower furniture sales. Still, the analysts think their full-year forecast of 0.3% sales growth could be achievable, as they see Wayfair potentially outperforming the industry.(ben.glickman@wsj.com; @benglickman)

(END) Dow Jones Newswires

April 22, 2024 08:52 ET (12:52 GMT)

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Analysts say in a research note that March furniture and home ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4178","symbol_name":"家庭装饰零售","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2429992553","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429992553","pubTimestamp":1713790320,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0852 ET - Wayfair's full-year outlook is looking less certain because of still-slumping furniture demand, according to Wedbush. 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