Business risk concept


– Wayfair (NYSE:W) fell sharply in early trading after Q4 results trailed expectations.

– Revenue fell 11% during the quarter for Wayfair (W) compared to the tough pandemic comparable from a year ago and a non-GAAP adjusted EBITDA loss of $4M was recorded.

– Active customers were down 12.5% from a year ago to 27.3M and orders per customer fell to 1.89 from 1.96. The average order size increased to $269 from $223…

To read the full post, please click here (free reg. is required).

The full release is here.

Stock down 10% in pre-market trade; Dow and S&P futures down 2.5%, Nasdaq futures falling over 3% at 12.30 GMT.

By midday (EST), W had lost 3% of value, with Dow, S&P and Nasdaq down, respectively, 2%, 1.2% and 0.4%. Ahead of close, the shares were up 4%; Dow -0.08%, S&P +1.1% and Nasdaq up 3% with half an hour to go.

VIX @ 30.6.

Our previous ‘W coverage’ is here: “Wayfair art thou, Romeo?“.

Comment on this article

You must be logged in to post a comment.