{"id":44663,"date":"2023-08-04T22:26:04","date_gmt":"2023-08-05T02:26:04","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/wayfair-soars-12-as-analysts-say-results-better-than-elevated-expectations\/"},"modified":"2023-08-04T22:26:05","modified_gmt":"2023-08-05T02:26:05","slug":"wayfair-soars-12-as-analysts-say-results-better-than-elevated-expectations","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=44663","title":{"rendered":"Wayfair soars 12% as analysts say results ‘better than elevated expectations’"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. Wayfair (W) soars 12% as analysts say results ‘better than elevated expectations’<\/span>
\n<\/i>\n<\/div>\n

Wayfair (NYSE:) reported better-than-expected results for its second quarter, sending its shares almost 12% higher on Thursday.<\/p>\n

The company reported a surprise of 21 cents as analysts were looking for a loss per share of 76 cents. Revenue came in at $3.2 billion, easily ahead of the expected $3.08B.<\/p>\n

“Last year, we laid out a plan to strengthen our business that included a path to sustainable and growing profitability with several key milestones. For the past few quarters, you’ve seen us execute against that plan – to lower our costs, focus on the basics and earn more customer and supplier loyalty. And you’ve seen the tangible impact of this plan as our performance has continued to improve. I’m pleased to share today that we’ve passed one of our key milestones and we are reporting positive adjusted EBITDA and positive free cash flow,” said Niraj Shah CEO, co-founder and co-chairman, Wayfair.<\/p>\n

Overall, sales fell 3.4% as international revenue dropped 21% year-over-year to $386M.<\/p>\n

Wayfair reported 22M active customers, with orders delivered flat YoY at 10M.<\/p>\n

Evercore ISI analysts said the results were \u201cbetter than elevated expectations.\u201d<\/p>\n

RBC analysts added:<\/p>\n

\u201cThis is a solid print that warrants a positive stock reaction. We still remain wary of the sustainability of current top-line trends given our read-through work continues to point to a deteriorating macro environment, but regardless we give mgmt credit for improved cost discipline.\u201d<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Wayfair (W) soars 12% as analysts say results ‘better than elevated expectations’ Wayfair (NYSE:) reported better-than-expected results for its second quarter, sending its shares almost 12% higher on Thursday. The company reported a surprise of 21 cents as analysts were looking for a loss per share of 76 cents. Revenue came in at […]<\/p>\n","protected":false},"author":1,"featured_media":2403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-44663","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nWayfair soars 12% as analysts say results 'better than elevated expectations' | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. Wayfair (W) soars 12% as analysts say results 'better than elevated expectations' Wayfair (NYSE:) reported better-than-expected results for its\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=44663\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wayfair soars 12% as analysts say results 'better than elevated expectations' | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. Wayfair (W) soars 12% as analysts say results 'better than elevated expectations' Wayfair (NYSE:) reported better-than-expected results for its\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=44663\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-05T02:26:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-05T02:26:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/LYNXNPEC0E0NG_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=44663#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=44663\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Wayfair soars 12% as analysts say results ‘better than elevated expectations’\",\"datePublished\":\"2023-08-05T02:26:04+00:00\",\"dateModified\":\"2023-08-05T02:26:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=44663\"},\"wordCount\":257,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=44663#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=44663\",\"url\":\"https:\/\/ifintechworld.com\/?p=44663\",\"name\":\"Wayfair soars 12% as analysts say results 'better than elevated expectations' | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-08-05T02:26:04+00:00\",\"dateModified\":\"2023-08-05T02:26:05+00:00\",\"description\":\"\u00a9 Reuters. Wayfair (W) soars 12% as analysts say results 'better than elevated expectations' Wayfair (NYSE:) reported better-than-expected results for its\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=44663#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=44663\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=44663#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Wayfair soars 12% as analysts say results ‘better than elevated expectations’\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Wayfair soars 12% as analysts say results 'better than elevated expectations' | iFintechWorld","description":"\u00a9 Reuters. Wayfair (W) soars 12% as analysts say results 'better than elevated expectations' Wayfair (NYSE:) reported better-than-expected results for its","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=44663","og_locale":"en_US","og_type":"article","og_title":"Wayfair soars 12% as analysts say results 'better than elevated expectations' | iFintechWorld","og_description":"\u00a9 Reuters. Wayfair (W) soars 12% as analysts say results 'better than elevated expectations' Wayfair (NYSE:) reported better-than-expected results for its","og_url":"https:\/\/ifintechworld.com\/?p=44663","og_site_name":"iFintechWorld","article_published_time":"2023-08-05T02:26:04+00:00","article_modified_time":"2023-08-05T02:26:05+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/LYNXNPEC0E0NG_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=44663#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=44663"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Wayfair soars 12% as analysts say results ‘better than elevated expectations’","datePublished":"2023-08-05T02:26:04+00:00","dateModified":"2023-08-05T02:26:05+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=44663"},"wordCount":257,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=44663#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=44663","url":"https:\/\/ifintechworld.com\/?p=44663","name":"Wayfair soars 12% as analysts say results 'better than elevated expectations' | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-08-05T02:26:04+00:00","dateModified":"2023-08-05T02:26:05+00:00","description":"\u00a9 Reuters. Wayfair (W) soars 12% as analysts say results 'better than elevated expectations' Wayfair (NYSE:) reported better-than-expected results for its","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=44663#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=44663"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=44663#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Wayfair soars 12% as analysts say results ‘better than elevated expectations’"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/44663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44663"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/44663\/revisions"}],"predecessor-version":[{"id":44664,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/44663\/revisions\/44664"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/2403"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}