Wayfair (NYSE: W) 4Q18 Results: Beats Consensus on Revenues and EPS; 1Q19 Guidance in Line

Executive Summary

• Wayfair reported 4Q18 adjusted EPS of $(1.12), beating the $(1.28) consensus estimate. Revenues were $2.01 billion, up 40.0% and slightly beating the $1.97 billion consensus.
• U.S. Direct Retail accounted for 85% of revenues and grew 39.2%. International Direct Retail accounted for 14% of revenues and grew 49.8%.
• The company guided for 1Q19 revenues of $1.87–1.915 billion, in line with the consensus estimate of $1.89 billion.