Wayfair sales dip in second quarter, loses customers [FOX Business Network]
Wayfair Inc. Class A (W)
Last wayfair inc. class a earnings: 2/28 07:00 am
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Source: FOX Business Network
Wayfair Inc. posted broad declines in its business in Thursday's second quarter results. The Boston-based company announced that revenue in the second quarter declined 14.9% resulting in a net loss of $378 million at the end of the quarter on June 30. ?? ?? Image 1 of 2 The Wayfair Inc. website on a laptop computer arranged in Saint Thomas, Virgin Islands, U.S., on Thursday, Feb. 18, 2021. | Getty Images DESPITE HIGH INFLATION, BACK-TO-SCHOOL SPENDING PROJECTED TO HIT $37B Active customers reached 23.6 million, down 24%. And orders delivered in the second quarter fell 28% to 10 million. Repeat customers placed 7.8 million orders, down 26%. Wayfair stock fell 2.44% to 62.87, today on the stock market. "During a difficult macroeconomic environment, we remain squarely focused on our customers and our suppliers, and on making sure Wayfair is their preferred platform for the home," CEO, co-founder and co-chairman Niraj Shah wrote in the Wayfair earnings release . "We are
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News
- Online giant Wayfair is opening its first brick-and-mortar furniture store [Yahoo! Finance]Yahoo! Finance
- As automated attacks ramp up, cybersecurity and fraud prevention shouldn't be two different worlds [Yahoo! Finance]Yahoo! Finance
- Online giant Wayfair is opening its first brick and mortar furniture store [Fortune]Fortune
- The Best Patio Dining Sets To Enjoy Alfresco Meals At Home [Forbes]Forbes
- As automated attacks ramp up, cybersecurity and fraud prevention shouldn't be two different worlds [Fortune]Fortune
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Earnings
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Sec Filings
- 4/16/24 - Form 4
- 4/15/24 - Form 144
- 4/10/24 - Form 144
- W's page on the SEC website