Categories AlphaGraphs, Consumer, Earnings

Earnings: Highlights of Wayfair (W) Q2 2020 report

Wayfair Inc. (NYSE: W) Wednesday said its second-quarter revenues surged 84% and exceeded the consensus estimate. The home décor company reported a profit for the quarter, compared to a loss last year. The stock moved up soon after the announcement and traded at an all-time high.

Total revenues increased 84% annually to $4.3 billion during the three-month period. Consequently, the company turned to a profit of $3.13 per share, on an adjusted basis, from a loss of $1.35 per share last year.

Wayfair Inc. annual revenue growth trend

Unadjusted profit was $273.9 million or $2.54 per share, compared to a loss of $181.9 million or $1.98 per share in the second quarter of 2019. Both earnings and revenues topped expectations.

Wayfair Inc. annual customer growth trend

At the end of the quarter, the company had 25.98 million active customers, up 46% from the same period of last year. Meanwhile, net revenue per active customer dropped 1.6% to $440.

“We experienced unprecedented demand in Q2 and saw record numbers of new and repeat customers choose Wayfair. Our proprietary logistics network, strong supplier partnerships, and nimble and dedicated team of more than 16,000 employees enabled Wayfair to consistently serve our customers at a time they needed us most, both in North America and Europe,” said Wayfair’s CEO Niraj Shah.


Looking forward to listening to management/analysts’ comments on Q2 results? Stay tuned here for Wayfair’s Q2 2020 earnings call transcript


Shares of the company rose about 3% on Wednesday morning immediately after the announcement, after closing the previous session higher. The value more than doubled in the past twelve months and reached an all-time high this week.

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

Leave a Reply

Your email address will not be published. Required fields are marked *

Add Comment
Loading...

Cancel
Viewing Highlight
Loading...
Highlight
Close
Top