Wayfair stock ( NYSE:W ) wasn’t always a Wall Street darling. The e-commerce behemoth specialized in home décor and furnishings and had rapid development during the pandemic’s early stages. These advances and a cost-cutting drive have set the corporation on an apparently inexorable road to ever-increasing profitability.
However, times change. Wayfair stock ( NYSE:W ) has been down nearly 83% since the beginning of the year . True, a general market slump is a big component in that drop. However, the business also provided investors with a couple of major reasons to be concerned about whether it would ever be able to meet management’s lofty aspirations for its worldwide sales presence.
Let’s examine why Wall Street is fleeing this stock in 2022.
Everyone was taken aback by Wayfair Stock slowing growth.
The biggest reason weighing on the stock ( NYSE:W ) is the dramatic slowdown in growth that investors have seen over the last nine months. Wayfair saw massive revenue growth in 2020 and into much of 2021 . However, those patterns began to slow significantly as the pandemic danger faded. The firm is currently losing clients and diminishing its revenue base, showing that it carried over much of its past growth from future periods.
Sales were flat in fiscal 2021 and are expected to tumble by double digits this year. That’s a significant setback fo...
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