Company Earnings Update
Wayfair (NYSE: W) 1Q19 Results: Revenues Beat Consensus Estimates, Losses Deepen
Key Points
- Wayfair reported 1Q19 adjusted EPS of $(1.62), marginally behind the $(1.61) consensus estimate. Revenues were $1.94 billion, up 39% and marginally ahead of the $1.92 billion consensus estimate.
- US direct retail accounted for 85% of revenues and grew 38.5%. International direct retail accounted for 15% of revenues and grew 41.7%.
- Consensus estimates for 2Q19 call for revenue of $2.22 billion (up 16.5%) and EPS of $(1.17).
