W - Wayfair Non-GAAP EPS of $0.21 beats by $0.93 revenue of $3.17B beats by $70M

2023-08-03 07:08:07 ET

• Wayfair press release ( NYSE: W ): Q2 Non-GAAP EPS of $0.21 beats by $0.93 .
• Revenue of $3.17B (-3.4% Y/Y) beats by $70M .
• Active customers totaled 21.8 million as of June 30, 2023, a decrease of 7.6% year over year.
• LTM net revenue per active customer was $545 as of June 30, 2023, an increase of 1.5% year over year.
• Orders per customer, measured as LTM orders divided by active customers, was 1.82 for the second quarter of 2023, compared to 1.85 for the second quarter of 2022.
• Orders delivered in the second quarter of 2023 were 10.3 million, an increase of 3.0% year over year.
• Repeat customers placed 80.1% of total orders delivered in the second quarter of 2023, compared to 78.6% in the second quarter of 2022.
• Repeat customers placed 8.3 million orders in the second quarter of 2023, an increase of 6.4% year over year.
• Average order value was $307 in the second quarter of 2023, compared to $330 in the second quarter of 2022.
• 61.6% of total orders delivered were placed via a mobile device in the second quarter of 2023, compared to 59.0% in the second quarter of 2022.

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