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April 01, 2015 5:35 PM ET

Internet and Catalog Retail

Company Overview of Wayfair Inc.

Company Overview

Wayfair Inc. engages in the e-commerce business in the United States. It offers approximately seven million home products under various brands. The company’s brands include Wayfair.com that focuses on offering home furnishings and décor from low-to high-end and across various styles; Joss & Main, an online flash sales site; AllModern, an online destination for original design for modern home enthusiasts; DwellStudio, an online design studio for modern, fashion-forward home furnishings; and Birch Lane, a destination for classic style home designs. Wayfair Inc. also sells its products through retail partners. Wayfair Inc. was founded in 2002 and is headquartered in Boston, Massachusetts.

4 Copley Place

7th Floor

Boston, MA 02116

United States

Founded in 2002

2,353 Employees

Phone:

617-532-6100

Key Executives for Wayfair Inc.

Co-Founder, Co-Chairman and Chief Executive Officer
Age: 40
Total Annual Compensation: $480.0K
Co-Founder, Co-Chairman and Chief Technology Officer
Age: 41
Total Annual Compensation: $480.0K
Chief Financial Officer
Age: 49
Total Annual Compensation: $80.2K
Compensation as of Fiscal Year 2013.

Wayfair Inc. Key Developments

Wayfair Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter Ending March 31, 2015

Wayfair Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, net revenue was $408,619,000, loss from operations was $72,499,000, loss before income taxes was $72,455,000 and net loss attributable to common unit holders was $58,122,000 or $0.73 per basic and diluted share against net revenue of $295,333,000, loss from operations of $4,386,000, loss before income taxes of $4,107,000 and net loss attributable to common unit holders of $8,924,000 or $0.22 per basic and diluted share for the same period a year ago. Non GAAP net loss attributable to common unit holders was $14,739,000 against $4,107,000 a year ago. Non GAAP diluted net loss per unit/share was $0.18 against $0.10 a year ago. Adjusted LBITDA was $7,218,000 against $647,000 a year ago. Net cash provided by operating activities was $62,529,000 against $40,838,000 a year ago. Purchase of property and equipment was $8,254,000 against $2,318,000 a year ago. Non-GAAP free cash flow for the quarter was $50.8 million based on net cash provided by operating activities of $62.5 million, plus capital expenditures of $11.7 million. For the nine months, net revenue was $1,318,951,000, loss from operations was $147,784,000, loss before income taxes was $147,923,000 and net loss attributable to common unit holders was $150,169,000 or $2.97 per basic and diluted share against net revenue of $915,843,000, loss from operations of $16,019,000, loss before income taxes of $15,480,000 and net loss attributable to common unit holders of $40,914,000 or $0.99 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was $11,692,000 against $34,413,000 a year ago. Purchase of property and equipment was $39,422,000 against $6,739,000 a year ago. Non GAAP net loss attributable to common unit holders was $84,679,000 against $15,480,000 a year ago. Non GAAP diluted net loss per unit/share was $1.02 against $0.37 a year ago. Adjusted LBITDA was $62,537,000 against $2,928,000 a year ago. For the first quarter ending March 31, 2015, the company expects total net revenue of $375 million to $390 million, comprised of Direct Retail net revenue of $330 million to $340 million and Other revenue of $45 to $50 million; Adjusted EBITDA margin of negative 3.5% to 4.0%.

Wayfair Inc., Q4 2014 Earnings Call, Mar 04, 2015

Wayfair Inc., Q4 2014 Earnings Call, Mar 04, 2015

Wayfair Inc. Presents at Stifel, Nicolaus Technology, Internet & Media Conference, Feb-09-2015 09:45 AM

Wayfair Inc. Presents at Stifel, Nicolaus Technology, Internet & Media Conference, Feb-09-2015 09:45 AM. Venue: The Westin St. Francis, San Francisco, California, United States. Speakers: Niraj S. Shah, Co-Founder, Co-Chairman and Chief Executive Officer.

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