Executive Summary

• Wayfair reported 3Q18 adjusted EPS of $(1.28), below the consensus estimate of $(1.09). Revenues were $1.71 billion, up 42.4% year over year and beating the consensus estimate of $1.67 billion.
• The fastest growing segment was International Direct Retail, which registered 57.5% revenue growth. Direct Retail revenue increased 41.2% year over year.
• The company guided for Q4 revenues of $1.92–$1.968 billion, in line with consensus estimate of $1.94 billion.