Company Earnings Update
Wayfair (NYSE: W) 2Q19 Results: Revenues Beat Consensus Estimates, Losses Continue
Key Points
- Wayfair reported 2Q19 adjusted EPS of $(1.35), marginally beating the $(1.36) consensus estimate. Revenues were $2.34 billion, up 41.6% and beating the $2.26 billion consensus estimate.
- US direct retail accounted for 85% of revenues and grew 42.4%. International direct retail accounted for 15% of revenues and grew 40.5%.
- The company guided for 3Q19 revenues of $2.23–2.28 billion, below the consensus estimate of $2.29 billion.
