BUZZ-Wayfair falls after bigger-than-expected quarterly loss

Updates

Online furniture retailer Wayfair's W.N shares fall as much as 6.2% to $43.47

Reports Q4 adjusted loss per share of 25 cents vs expectations of 2 cents loss per share - data compiled by LSEG

Gross profit for Q4 fell by 0.3% despite revenue rising 0.2% to $3.12 billion, vs. expectations of $3.07 billion

Wayfair was also hurt by charges of $35 million, driven by weakened macroeconomic conditions in Germany, a market which co announced last month it would be leaving

*"The price actions we make are around price elasticity, what we think optimizes the outcomes for us, not about what the cost inputs are to our suppliers," said CEO Niraj Shah on pricing investments in light of U.S. President Donald Trump's tariffs

*"The forward outlook, especially in the core of our business, big and bulky furniture, is as unpredictable as any point in the past four years with uncertainty over the state of inflation, global trade policy, and interest rates, among other factors"- CEO Niraj Shah

W fell 28.2% in 2024