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 story : Wayfair revenue rises year-over-year but slips from Q4 #FinanceUSA #StockMarketNEWS Wayfair Inc. reported first-quarter net income totaling .2 million, or 16 cents per share, after a loss of 5.9

@stockMarketNEWS Thu 06 May, 2021

Posted in: #FinanceUSA #StockMarketNEWS

Wayfair revenue rises year-over-year but slips from Q4 #FinanceUSA #StockMarketNEWS
Wayfair Inc. reported first-quarter net income totaling .2 million, or 16 cents per share, after a loss of 5.9 million, or .04 per share, last year. Wayfair has adopted a new accounting standard, effective Jan. 1, 2021. Under the old system, the company says it would have reported a loss of 31 cents per share. Adjusted EPS was .00, ahead of the FactSet consensus for 26 cents. Revenue of .478 billion was up from .330 billion last year and ahead of the FactSet consensus for .394 billion. In the fourth quarter, Wayfair reported revenue of .67 billion. Revenue was up 49% year-over-year compared with 45% in the fourth quarter. Active customers reached 33.2 million as of March 31, up 57.3% year-over-year. Average order value was 7, up from 5 last year. And repeat customers placed 74.5% of total orders in the first quarter, compared with 69.8% last year. Wayfair stock was up 4.5% in Thursday premarket trading, and has gained 20% for the year to date. The S&P 500 index is up 11% for 2021 so far.


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