Categories Earnings, Retail

Wayfair (NYSE: W): Q3 2019 Earnings Snapshot

— Wayfair Inc. (NYSE: W) reported its third-quarter 2019 adjusted loss of $2.23 per share versus $2.10 per share loss expected.

— Net revenues climbed by 35% to $2.31 billion versus $2.27 billion expected.

Earnings Update by AlphaStreet

— The number of active customers in Direct Retail business reached 19.1 million as of September 30, 2019, an increase of 37.6% year over year.

— LTM net revenue per active customer rose by 1.4% to $449 as of September 30, 2019.

— Orders per customer, measured as LTM orders divided by active customers, was 1.85, up from 1.84 in the prior-year quarter.

— Repeat customers placed 6.1 million orders, up 33.6% from last year. Orders delivered jumped by 32% to 9.1 million. The average order value rose to $252 from $244 a year ago.

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