W - Wayfair Has A Long Road To Recovery (Rating Downgrade)
2024-01-29 03:08:28 ET
Summary
- Wayfair is struggling to remain profitable as weaker consumer spending and increased costs impact its revenue growth and earnings.
- The company's customer base is declining, and average ticket sizes are decreasing, indicating soft demand.
- Wayfair's heavy debt and high valuation make it an unattractive investment option in the current market.
While tech stocks have rallied sharply over the past year, e-commerce names have been a major holdout. Weaker consumer spending, including and especially in the home category, has punished these stocks and driven revenue growth and earnings dramatically lower....
Wayfair Has A Long Road To Recovery (Rating Downgrade)