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Wayfairstock

Wayfair (W) Q1 Loss Narrower Than Expected, Revenues Fall Y/YWayfair ( NYSE:W ) reported a Q1 non-GAAP loss of 32 cents per share, narrower than the Zacks Consensus Estimate for 45 cents per share. The company reported a loss of $1.13 per share in the year-ago quarter. Net revenues of $2.73 billion surpassed the consensus mark by 3.3%, with the top line decreasing 1.6% year over year. LTM net revenues per active customer decreased 2.8% year over year to $537, beating the Zacks Consensus Estimate by 0.45%. However, growth in the active customer base remained positive, with active customers up 2.8% year over year to 22.3 million and beating the consensus mark by 0.26%. Net revenues in the United States decreased 1% year over year to $2.4 billion, beating the Zacks Consensus Estimate by 4.1%. International net revenues declined 5.8% year over year and 7.5% on a constant currency basis to $338 million, missing the consensus mark by 0.7%. Orders per customer for the quarter were 1.84, up from 1.81 reported in the year-ago quarter. The average order value declined 0.7% year over year to $285, beating the consensus mark by 4.99%. Wayfair's first-quarter gross margin was 30%, expanding 40 basis points on a year-over-year basis. Adjusted EBITDA was $75 million, while customer service and merchant fees decreased 15.8% year over year to $117 million. Advertising expenses fell 0.9% year over year to $324 million, while selling, operations, technology, and general and administrative expenses decreased 14.4% year over year to $534 million. Wayfair incurred a GAAP operating loss of $235 million in the reported quarter compared to an operating loss of $347 million in the year-ago quarter.
NYSE:WLong
by DEXWireNews
Wayfair's Strategic Shake-Up: Navigating Challenges & Prospects In a surprising move, online home furnishings giant Wayfair (NYSE: NYSE:W ) has announced a significant restructuring, involving the elimination of 1,650 jobs, constituting 13% of its global workforce. The company's CEO, Niraj Shah, attributed the decision to an acknowledgment that Wayfair had "gone overboard" in hiring during a robust economic period, leading to a deviation from its core principles. This strategic realignment aims to create a lean organizational model, laying the foundation for sustained growth and profitability. We will explore the reasons behind Wayfair's bold move, the potential impact on its financial health, and the implications for investors. Understanding the Strategic Pivot: Wayfair's decision to cut jobs comes amid a broader effort to revamp the business and return to its core principles. The CEO's admission of hiring excesses during a period of economic prosperity reflects a commitment to recalibrating the company's organizational structure to ensure long-term sustainability. The move is not merely a cost-cutting measure; rather, it signals a strategic pivot aimed at optimizing operations, improving efficiency, and fostering a healthy growth trajectory. Financial Implications: While the restructuring is expected to result in as much as $80 million in expenses, primarily related to employee severance and benefit payouts, Wayfair ( NYSE:W ) anticipates annualized cost savings of over $280 million. The company's leadership envisions these savings contributing to "substantial growth" in adjusted earnings before interest, tax, depreciation, and amortization in 2024. Investors should closely monitoring the execution of this strategy and its impact on the company's financial performance throughout the year. Market Reaction and Investor Sentiment: Wayfair's ( NYSE:W ) shares experienced a surge in premarket trading following the announcement, reflecting investor optimism about the company's commitment to optimizing its operations. The stock is currently trading in the middle of its 52-week range and above its 200-day simple moving average, signaling continued upward momentum. Investors appear to be cautiously evaluating the share price, recognizing the potential for future value amid the ongoing strategic transformation. Analyst Perspectives: Financial analysts are closely scrutinizing Wayfair's strategic moves, weighing the short-term expenses against the anticipated long-term benefits. The consensus among analysts suggests that the company's commitment to creating a "clean organizational model" aligns with the broader trend of companies prioritizing efficiency and adaptability. As Wayfair ( NYSE:W ) aims to position itself for sustained growth, analysts are likely to assess the effectiveness of the restructuring in achieving the stated objectives. Conclusion: Wayfair's decision to trim its workforce and refocus on core principles marks a pivotal moment for the e-commerce giant. As the company navigates the challenges posed by its previous hiring practices, investors will be watching closely for signs of successful execution and the realization of promised cost savings. The strategic shake-up reflects Wayfair's determination to evolve with the dynamic market landscape and underscores its commitment to building a foundation for future growth. As the story unfolds, investors and industry observers alike will be eager to witness how Wayfair transforms this challenging period into a catalyst for sustained success.
NYSE:WLong
by DEXWireNews
Wayfair Long to End the Wild WeekW appears to be at low risk areas for a possible long as it finds itself at the lower range of a bullish ascending triangle pattern. We of course want to play the breakout of this but in the meantime if the green trendline continues to hold, longs in this area could make for a good trade before the top of the triangle gets tested. So far it is still holding. The open of the new trading week on Monday will be telling. Keep an eye on the weekly of this to see if the opening candle of Wayfair next week opens above or below the trendline. But as of now a long is not a bad idea with a stop loss at 299.16.
NYSE:WLong
by TradeVibez
$W - Wayfair Weekly Short OpprotunityToday I am sharing my view on Wayfair, which IMHO this is WAY overbought & just absolutely ridiculous. $20 to $200 for a stock that is still reporting a net-loss & selling Crap Chinese goods with awful customer service. Reminds me of wish for furniture, well maybe lets not take it that far lol! Anyhow lots of competition in the space, Amazon, HD, Overstock, and many more local furniture stores, IMHO people still like to sit down and checkout the furniture BEFORE they buy! Still I don't get any logical reasoning for this to continue going higher. I am not impressed with their latest 10Q which all the hype was around the new orders and what not. Still they are REPORTING A NET-LOSS! Plus a lot of the numbers look better in 2019 compared to 2020 which also isn't a good thing. Here ya go check it out for yourself! www.sec.gov Anyhow I am watching the $100-$120 P GLTA & don't get fomo & buy the top it SUCKZ!
NYSE:WShort
by AaronX
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