Wayfair (W) Q1 Loss Narrower Than Expected, Revenues Fall Y/Y

Zacks05-04

Wayfair W reported a first-quarter 2024 non-GAAP loss of 32 cents per share, narrower than the Zacks Consensus Estimate for a loss of 45 cents per share. The company reported a loss of $1.13 per share...

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The company reported a loss of $1.13 per share...</p>\n\n<a href=\"https://finance.yahoo.com/news/wayfair-w-q1-loss-narrower-172900684.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wayfair (W) Q1 Loss Narrower Than Expected, Revenues Fall Y/Y</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWayfair (W) Q1 Loss Narrower Than Expected, Revenues Fall Y/Y\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-04 01:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/wayfair-w-q1-loss-narrower-172900684.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wayfair W reported a first-quarter 2024 non-GAAP loss of 32 cents per share, narrower than the Zacks Consensus Estimate for a loss of 45 cents per share. The company reported a loss of $1.13 per share...</p>\n\n<a href=\"https://finance.yahoo.com/news/wayfair-w-q1-loss-narrower-172900684.html\">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":"W","symbol_name":"Wayfair","start_time":0,"source_url":"https://finance.yahoo.com/news/wayfair-w-q1-loss-narrower-172900684.html","article_id":"2432382021","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/IqXbRc_EF0G9TXq6xWQq2A--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/1e729364c67b30199632ad0cda6ec7af"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432382021","pubTimestamp":1714757340,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Wayfair W reported a first-quarter 2024 non-GAAP loss of 32 cents per share, narrower than the Zacks Consensus Estimate for a loss of 45 cents per share. The company reported a loss of $1.13 per share in the year-ago quarter.Net revenues of $2.73 billion surpassed the consensus mark by 3.3%. The top line decreased 1.6% year over year.LTM net revenues per active customer decreased 2.8% year over year to $537, which beat the Zacks Consensus Estimate by 0.45%.Nevertheless, growth in the active customer base remained a positive. Active customers were up 2.8% year over year to 22.3 million and beat the consensus mark by 0.26%.Currently, Wayfair has a Zacks Rank #2 .Some other top-ranked stocks in the retail-wholesale sector are","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"W":"Wayfair","DKS":"迪克体育用品"},"translate_title":"Wayfair(W)Q1亏损收窄于预期，收入同比下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"W":1,"DKS":0.9},"content_text":"Wayfair W reported a first-quarter 2024 non-GAAP loss of 32 cents per share, narrower than the Zacks Consensus Estimate for a loss of 45 cents per share. The company reported a loss of $1.13 per share in the year-ago quarter.Net revenues of $2.73 billion surpassed the consensus mark by 3.3%. The top line decreased 1.6% year over year.LTM net revenues per active customer decreased 2.8% year over year to $537, which beat the Zacks Consensus Estimate by 0.45%.Nevertheless, growth in the active customer base remained a positive. Active customers were up 2.8% year over year to 22.3 million and beat the consensus mark by 0.26%.\n\nWayfair Inc. Price, Consensus and EPS Surprise\n  \nWayfair Inc. price-consensus-eps-surprise-chart | Wayfair Inc. Quote\n\nQuarter Details\nNet revenues in the United States (87.6% of total net revenues) decreased 1% year over year to $2.4 billion. The figure beat the Zacks Consensus Estimate by 4.1%.International net revenues (12.4% of total net revenues) declined 5.8% year over year and 7.5% on a constant currency basis to $338 million. It missed the consensus mark by 0.7%.Orders per customer for the quarter were 1.84, up from 1.81 reported in the year-ago quarter. The figure beat the Zacks Consensus Estimate by 3.5%.The average order value declined 0.7% year over year to $285, which beat the consensus mark by 4.99%.The total number of orders delivered in the reported quarter was 9.6 million, which decreased 1% year over year.Repeat customers placed 7.7 million orders (accounting for 80.5% of total orders) in the first quarter, up 1.3% year over year.Additionally, 63.1% of total orders delivered were placed through mobile devices in the reported quarter compared with 62.1% in the year-ago quarter.\nOperating Results\nWayfair’s first-quarter gross margin was 30%, expanding 40 basis points on a year-over-year basis.Adjusted EBITDA was $75 million against an EBITDA loss of $14 million in the year-ago quarter.Customer service and merchant fees decreased 15.8% year over year to $117 million.Advertising expenses fell 0.9% year over year to $324 million. Selling, operations, technology and general and administrative expenses decreased 14.4% year over year to $534 million.Wayfair incurred a GAAP operating loss of $235 million in the reported quarter compared with an operating loss of $347 million in the year-ago quarter.\nBalance Sheet & Cash Flow\nAs of Mar 31, 2024, cash, cash equivalents and short-term investments were $1.2 billion, down from $1.4 billion reported on Dec 31, 2023.Long-term debt, as of Mar 31, 2024, was $3.095 billion compared with $3.092 billion on Dec 31, 2023.In the first quarter, cash used in operations amounted to $139 million compared with $158 million generated from operations in the fourth quarter.Wayfair reported a free cash outflow of $193 million in the first quarter.\nZacks Rank & Other Stocks to Consider\nCurrently, Wayfair has a Zacks Rank #2 (Buy).Some other top-ranked stocks in the retail-wholesale sector are The Gap GPS, DICK'S Sporting Goods DKS and Target TGT, each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.The Gap has lost 3.6% in the year-to-date period. The long-term earnings growth rate for GPS is currently estimated at 12%.DICK'S Sporting Goods shares have gained 41.2% in the year-to-date period. DKS’ long-term earnings growth rate is currently projected at 35.5%.Target has gained 12.8% in the year-to-date period. The long-term earnings growth rate for TGT is currently anticipated at 11.36%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nTarget Corporation (TGT) : Free Stock Analysis Report\nThe Gap, Inc. (GPS) : Free Stock Analysis Report\nDICK'S Sporting Goods, Inc. (DKS) : Free Stock Analysis Report\nWayfair Inc. (W) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432382021"}