Insight Report 3 minutes PremiumWayfair (W) 3Q16 Results: Despite Solid Quarter, Softer Consumer Spending Has Sales Outlook Below Expectations Coresight Research November 9, 2016 Executive Summary Boston-based online home goods retailer Wayfair reported adjusted 3Q16 EPS of $(0.54), ahead of the $(0.59) consensus estimate, but down from $(0.13) in the year-ago period. Revenues were $861.5 million, up 45.0% year over year and above the consensus estimate of $845.9 million. Orders in 3Q16 totaled 3.4 million, above the consensus estimate of 3.2 million. Average order value was $244, compared with $235 in the year-ago period. Ending active customers totaled 7.4 million, up 60% year over year and versus consensus of 7.3 million. Mobile orders accounted for 40.3% of the total, up from 35.1% in the year-ago quarter. For 4Q16, Wayfair expects revenue of $920–$960 million, below the $1.03 billion consensus estimate. Additionally, the company expects direct retail revenue in the range of $890–$925 million, below the $995 million consensus estimate. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: June 2023 UK Retail Sales: Warm Weather Boosts Retail Sales GrowthSigns of a Holiday Spending Ramp-Up Emerge: US Consumer Survey Insights 2023, Week 45E-Commerce Outlook: US Apparel and Footwear Sector—Product, Experience and Cost Control Matter Amid Softer DemandWeekly US and UK Store Openings and Closures Tracker 2024, Week 16: 7-Eleven Announces Over 200 Store Openings and Closures