What's Going On With E-commerce Company Wayfair Shares Today?
Portfolio Pulse from Lekha Gupta
Wayfair Inc's Q3 FY23 results show a sales increase of 3.7% Y/Y to $2.94 billion, missing the consensus of $2.98 billion. International net revenue fell 7.0% Y/Y, while U.S. revenue rose 5.4% Y/Y. Active customers decreased by 1.3% Y/Y. Gross profit was $917 million, with a margin of 31.1%. Adjusted EPS of $(0.13) beat the analyst consensus of $(0.48). The company held over $1.28 billion in cash and equivalents.
November 01, 2023 | 1:44 pm
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Wayfair's Q3 FY23 results missed sales consensus, but beat EPS consensus. The company saw a decrease in active customers and international revenue, but an increase in U.S. revenue.
Wayfair's stock is likely to be negatively impacted in the short term due to the missed sales consensus and decrease in active customers and international revenue. However, the beat on EPS consensus and increase in U.S. revenue may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100