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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.
Revenue by Geographic Location
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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