2024-04-20 09:04:50 ET
Summary
- Wayfair's stock has underperformed the market, falling nearly 10% year to date.
- The company has implemented multiple rounds of layoffs in an effort to drive efficiency and reduce costs.
- Wayfair's profit targets for the year may be at risk, especially as the company is expecting revenue to decline in the first quarter.
- Wayfair trades at a steep mid-teens multiple of adjusted EBITDA.
All of a sudden, the stock market looks shaky again. Rising Middle East tensions and persistent inflation have pummeled interest rate expectations and hence stock valuations, making now a challenging time to bank on unsteady turnaround names. ...
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Wayfair: Falling Short Of Profitability Targets, Even With Cost Cuts