W - Why Is Online Home Goods Seller Wayfair On Fire Today? | Benzinga
Wayfair Inc (NYSE:W) shares are shooting higher after the company reported better-than-expected first-quarter FY24 earnings.
The company reported a first-quarter FY24 sales decline of 1.6% year-on-year to $2.729 billion, beating the analyst consensus estimate of $2.635 billion.
International net revenue fell 5.8% to $338 million, while U.S. revenue declined 1% to $2.4 billion.
The number of active customers reached 22.3 million as of March 31, a 2.8% increase Y/Y. The average order value remained flat at $285.
In the ...