Wayfair (W) Misses Q1 EPS by 1c, Beats on Revenues

Wayfair (NYSE: W) reported Q1 EPS of ($0.91), $0.01 worse than the analyst estimate of ($0.90). Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.36 billion.

First Quarter 2018 Financial Highlights

• Direct Retail net revenue, consisting of sales generated primarily through Wayfair’s sites, increased $448.5 million to $1.4 billion, up 47.7% year over year
• Gross profit was $323.8 million or 23.1% of total net revenue
• GAAP net loss was $107.8 million
• Adjusted EBITDA was $(50.0) million or (3.6)% of total net revenue
• GAAP basic and diluted net loss per share was $1.22
• Non-GAAP diluted net loss per share was $0.91
• Non-GAAP free cash flow was $(47.6) million
• At the end of the first quarter, cash, cash equivalents, and short-term and long-term investments totaled $593.0 million

For earnings history and earnings-related data on Wayfair (W) click here.

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