Wayfair Swings to Loss on International Weakness, Despite U.S. Growth
W sits 55% above its 52-week low of $55.6 on elevated volume (1.9× avg).
Summary
Wayfair reported mixed Q2 results: U.S. revenue grew 9%, but international sales fell 1%, dragging the company to a net loss of $1 million versus a $15 million profit a year ago. Adjusted EPS of $0.95 beat the $0.90 consensus, and total revenue of $3.52 billion topped estimates, slightly beating on order growth. The international decline and swing to a GAAP loss are key negatives, overshadowing U.S. strength. Shares fell 1.9% pre-market, reflecting disappointment. This follows a strong Q2 preview yesterday that lacked these loss details, and international weakness is a new concern after recent debt refinancing and insider selling.
At the time of this announcement, W was trading at $86.01 on NYSE in the Trade & Services sector, with a market capitalization of approximately $11.8B. The 52-week trading range was $55.60 to $119.98. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.