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Jun 30, 2020
Wayfair Q2 2020 Earnings Report
Wayfair's financial performance significantly improved, marked by substantial revenue growth and a shift to profitability.
Key Takeaways
Wayfair reported a strong Q2 2020, with net revenue increasing by 83.7% year-over-year to $4.3 billion. The company achieved GAAP net income of $273.9 million and generated over $1 billion in free cash flow. Active customers reached 26.0 million, a 46% increase year-over-year.
Total net revenue increased by 83.7% year-over-year reaching $4.3 billion.
The number of active customers increased by 46% year-over-year, totaling 26.0 million.
GAAP net income was $273.9 million, a significant improvement from the previous year.
The company generated over $1 billion in free cash flow during the quarter.
Wayfair
Wayfair
Wayfair Revenue by Geographic Location
Revenue by Geographic Location
U.S. Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Wayfair's management expressed optimism about maintaining strong customer relationships and adapting to ongoing uncertainties, while not providing specific financial guidance.
Positive Outlook
- Continued commitment to supporting customers, employees, and communities.
- Strategic long-term investments positioned them well.
- Experienced unprecedented demand in Q2.
- Record numbers of new and repeat customers.
- Commitment to being the best solution for customers.
Challenges Ahead
- Operating in uncertain times due to the global pandemic.
- Pressing social issues.
- No specific financial guidance provided.
- Ongoing need to adapt to a challenging time.
- Dependence on supplier partnerships to meet customer needs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income