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Mar 31, 2022
Wayfair Q1 2022 Earnings Report
Wayfair's financial performance declined in Q1 2022, with revenue and profitability metrics showing year-over-year decreases.
Key Takeaways
Wayfair's Q1 2022 results revealed a decrease in total net revenue to $3.0 billion, a 13.9% drop year-over-year. The company reported a net loss of $319 million, with a diluted loss per share of $3.04. Active customers also decreased by 23.4% year-over-year, while LTM net revenue per active customer increased by 12.8%.
Total net revenue decreased by 13.9% year-over-year to $3.0 billion.
U.S. net revenue decreased by 9.9% year-over-year to $2.5 billion.
International net revenue decreased by 31.4% year-over-year to $0.5 billion.
Net loss was $319 million, with a diluted loss per share of $3.04.
Wayfair
Wayfair
Wayfair Revenue by Geographic Location
Revenue by Geographic Location
U.S. Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Wayfair is focused on navigating the dynamic environment by acting with agility and balancing near-term demands with longer-term opportunities. The company is focused on returning to adjusted EBITDA profitability.
Positive Outlook
- Consumer health remains relatively strong.
- Shoppers are still very interested in the home category.
- Wayfair had its most successful Way Day event ever last week.
- Supply chain constraints are expected to ease.
- The company is well positioned to outperform and gain share.
Challenges Ahead
- Multiple macro cross-currents are filtering through the global economy.
- The company is facing near-term demands.
- The company experienced a decrease in total net revenue.
- The company reported a net loss.
- The company experienced a decrease in active customers.
Revenue & Expenses
Visualization of income flow from segment revenue to net income