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
Related Articles
Rivian Reaches Key Milestones, Yet Faces Headwinds Ahead
TradingKey - Rivian has announced an important milestone in february 20, reporting its first-ever "positive gross profit" for the fourth quarter of 2024.
Walmart Stock Drops 6% After Q4 FY2025 Earnings: 5 Key Takeaways for Investors
TradingKey - The US consumer has remained strong over the past few years, despite higher inflation and higher interest rates. That may have surprised some market watchers but certain listed companies have cashed in on this strength in the US consumer.
Walmart Q4 Earnings: The Growth of Retail Sales Might Shrink, Watched Out Valuation Risks
From the perspective of the overall retail industry, although the announced holiday consumption growth rate at the end of 2024 was 3.8%, higher than 3.1% in 2023, the actual overall retail industry consumption trend is showing a phased deceleration.
