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....
Read the full article on Seeking Alpha
For further details see:
Wayfair Has A Long Road To Recovery (Rating Downgrade)