Wayfair (W) Q4 Loss Wider Than Anticipated, Revenues Miss
Zacks Investment Research | Mar 02, 2020 08:57PM ET
Wayfair Inc. (NYSE:W) reported non-GAAP loss of $2.80 per share in fourth-quarter 2019, wider than the Zacks Consensus Estimate of a loss of $2.65.
Total fourth-quarter revenues came in at $2.53 billion, up 26% year over year. However, the figure missed the Zacks Consensus Estimate by 0.1%.
Following its fourth-quarter results, shares declined 10.2% due to greater-than-expected losses.
Quarter in Detail
Direct retail net revenues — including sales generated primarily through Wayfair’s sites — were $2.5 billion in the fourth quarter, which increased 26.5% year over year.
U.S. net revenues were $413.1 million in the fourth quarter, up 23.9% year over year. International net revenues also grew 37.1% year over year to $106.4 million.
Active customers increased 34% from the prior-year quarter to 20.3million. Also, LTM net revenues per active customer increased 1.1% year over year to $448 million.
Total number of orders delivered in the reported quarter was 11.2 million, up 27.1% year over year. In addition, orders per customer in the quarter were 1.86 million, reflecting an increase of 0.5% from the year-ago period. Further, repeat customers placed 7.7 million orders in the fourth quarter, up 31.3% year over year.
Wayfair Inc. Price, Consensus and EPS Surprise
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