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Dec 31, 2022
Wayfair Q4 2022 Earnings Report
Wayfair's Q4 2022 earnings were announced, revealing a slight decrease in net revenue but highlighting positive customer response to core improvements.
Key Takeaways
Wayfair reported a decrease in total net revenue to $3.1 billion, a 4.6% decrease year-over-year. The company's active customers totaled 22.1 million, a decrease of 19.0% year-over-year. Despite these declines, Wayfair saw positive customer response to improvements in pricing and delivery times.
Total net revenue decreased by 4.6% year-over-year to $3.1 billion.
U.S. net revenue decreased by 1.8% year-over-year to $2.7 billion.
International net revenue decreased by 19.7% year-over-year to $415 million.
Active customers decreased by 19.0% year-over-year to 22.1 million.
Wayfair
Wayfair
Wayfair Revenue by Geographic Location
Revenue by Geographic Location
U.S. Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Wayfair is committed to quickly reaching adjusted EBITDA profitability and then to positive free cash flow, focusing on cost efficiency and customer loyalty.
Positive Outlook
- Compelling pricing
- Faster delivery times
- Increasing availability
- Market share gains
- Driving cost efficiency
Challenges Ahead
- Short-term macroeconomic picture is unpredictable
- Navigating challenges
- Achieving adjusted EBITDA profitability
- Achieving positive free cash flow
- Macroeconomic factors including inflation and interest rates
Revenue & Expenses
Visualization of income flow from segment revenue to net income