Wayfair Says QTD Gross Revenue Is Strengthening, Says Is Now Trending In Negative Mid Single Digit Percentage Range YoY
Portfolio Pulse from Benzinga Newsdesk
Wayfair reports QTD gross revenue is strengthening, now trending in the negative mid single digit percentage range YoY. The improvement is driven by total order growth turning positive YoY, offsetting lower average order values and deflation impact.

June 07, 2023 | 11:12 am
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Wayfair's QTD gross revenue is improving, driven by positive YoY order growth, which offsets lower average order values and deflation impact.
Wayfair's strengthening QTD gross revenue indicates a positive trend in the company's performance. The positive YoY order growth offsets the negative factors, such as lower average order values and deflation impact, which could lead to an increase in the stock price in the short term.
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