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Sep 30, 2020
Wayfair Q3 2020 Earnings Report
Wayfair's Q3 2020 earnings showcased strong growth, driven by increased customer activity and efficient cost management.
Key Takeaways
Wayfair reported a significant increase in net revenue for Q3 2020, up 66.5% year-over-year to $3.8 billion. The company also achieved net income of $173.2 million and a diluted earnings per share of $1.67. Active customers increased by 50.9% year-over-year, reaching 28.8 million.
Total net revenue increased by 66.5% year-over-year to $3.8 billion.
The number of active customers reached 28.8 million, a 50.9% increase year-over-year.
Net income was reported at $173.2 million.
Diluted earnings per share was $1.67.
Revenue by Geographic Location
Forward Guidance
Wayfair anticipates continued strong profitable growth well beyond the current circumstances, driven by strategic investments and category momentum.
Positive Outlook
- Category momentum is vibrant.
- Demand is moving online at an accelerated pace.
- The home is expected to be even more important when it comes to celebrating the holidays this year.
- Long-term mindset and strategic investments are translating to share gains.
- Sustained profitability and positive free cash flow generation.
Challenges Ahead
- Continued uncertainty about the economy.
- Continued uncertainty about the pandemic.
- No specific negative aspects were mentioned in the provided text.
- No specific negative aspects were mentioned in the provided text.
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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