Wayfair Stock Slides on Wider-Than-Expected Loss

Key Takeaways

Wayfair (

W

) shares dropped Thursday after the company reported a bigger adjusted loss in the fourth quarter than analysts expected.

The home furnishings retailer reported revenue of $3.1 billion, up less than 1% year-over-year and beating the analyst consensus tracked by Visible Alpha. U.S. revenue was $2.74 billion, also topping expectations. However, the company posted a wider-than-expected adjusted
loss per share
of 25 cents, and active customers fell around 5% to 21.4 million, also short of estimates.

On the company’s earnings call, Wayfair projected first quarter revenue to remain flat or fall from $2.7 billion a year earlier. But
CEO
Niraj Shah said the company expects to continue to “still nicely take market share.”

Shares of Wayfair fell around 3% intraday Thursday.

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