by Mike Duff | Nov 1, 2024 | Featured News, Retail Articles
Wayfair turned in an adjusted profit in the third quarter and beat or equaled Wall Street earnings and revenue expectations. Net loss was $74 million, or 60 cents per diluted share, versus a net loss of $163 million, or $1.40 per diluted share, in the quarter a year...
by Mike Duff | Aug 1, 2024 | Featured News, Retail Articles
Wayfair, which came up short of Wall Street second-quarter estimates despite strong adjusted earnings gains, pointed to positive prospects from an expected turnaround in home furnishings spending. Net loss was $42 million, or 34 cents per diluted share, versus a net...
by Mike Duff | Feb 22, 2024 | Featured News, Retail Articles
Wayfair, after cutting its losses in its fourth quarter, reported it is preparing for a year ahead that will include further business improvements and the launch of new initiatives, including the first Wayfair banner store and a brand refresh. Net loss was $174...
by Mike Duff | Jan 19, 2024 | Featured News, Retail Articles
As it continues a series of actions initiated in 2022, Wayfair stated it would reduce its global workforce by 13%. After an organization-wide analysis of workforce size and structure, the company decided to layoff 1,650 employees, Wayfair stated. The layoffs will most...
by Mike Duff | Nov 1, 2023 | Featured News, Retail Articles
The third quarter saw Wayfair top a Wall Street estimate on earnings as revenues came up a bit short. Net loss was $163 million, or $1.40 per diluted share versus a net loss of $283 million, or $2.66 per diluted share, in the year-prior quarter. Adjusted for one-time...
