May 29, 2017 8:17 PM ET

Internet and Direct Marketing Retail

Company Overview of Wayfair Inc.

Company Overview

Wayfair Inc. engages in the e-commerce business in the United States and Europe. It operates through two segments, U.S. and International. The company offers approximately eight million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accent, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, and Birch Lane. Wayfair Inc. was founded in 2002 and is headquartered in Boston, Massachusetts with additional offices in London and Berlin.

4 Copley Place

7th Floor

Boston, MA 02116

United States

Founded in 2002

5,637 Employees

Phone:

617-532-6100

Key Executives for Wayfair Inc.

Co-Founder, Co-Chairman, Chief Executive Officer and President
Age: 42
Total Annual Compensation: $80.0K
Co-Founder and Co-Chairman
Age: 43
Total Annual Compensation: $80.0K
Chief Financial Officer
Age: 51
Total Annual Compensation: $250.0K
Chief Operating Officer
Age: 50
Total Annual Compensation: $250.0K
Chief Technology Officer
Age: 44
Total Annual Compensation: $250.0K
Compensation as of Fiscal Year 2016.

Wayfair Inc. Key Developments

Wayfair Inc. Announces the Launch of Search with Photo

Wayfair Inc. announced the launch of Search with Photo, a new feature that leverages artificial intelligence to make it easier than ever for shoppers to find the furnishings they want for their homes. Shoppers can now simply snap a photo to find and purchase specific products that match the looks they see and love. Visual search makes home inspiration a reality with a single image, allowing shoppers to quickly and conveniently find matches and similar styles from Wayfair’s selection of more than 8 million products.

Wayfair Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Second Quarter and Capex Guidance for the Full Year 2017

Wayfair Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net revenue of $960,825,000 compared to $747,348,000 a year ago. Loss from operations was $56,206,000 compared to $42,109,000 a year ago. Loss before income taxes was $56,329,000 compared to $40,888,000 a year ago. Net loss was $56,539,000 or $0.66 per basic and diluted share compared to $41,205,000 or $0.49 per basic and diluted share a year ago. Net cash used in operating activities was $46,098,000 compared to $51,204,000 a year ago. Purchase of property and equipment was $16,225,000 compared to $23,927,000 a year ago. Adjusted LBITDA was $20,896,000 compared to $20,960,000 a year ago. Free cash outflow was $68,970,000 compared to $80,582,000 a year ago. Non-GAAP net loss was $41,371,000 or $0.48 per basic and diluted share compared to $30,226,000 or $0.36 per basic and diluted share a year ago. Capital expenditures was $23 million. For the second quarter of 2017, the company expects Direct Retail revenue of $1,015,000,000 to $1,035,000,000, a growth rate of approximately 34% to 37% year-over-year. It forecasts other revenue to be between $15 million to $20 million, for total net revenue of $1,030,000,000 to $1,055,000,000 for the second quarter. For consolidated adjusted EBITDA, the company forecasts margins of negative 2% to negative 2.3%. As it continues to invest in the international business, the company expects to continue running at adjusted EBITDA losses consistent with the last few quarters. Depreciation and amortization is expected to be $21 million to $22 million. For the full year 2017, the company still expects CapEx to run at approximately 3% of net revenue.

Wayfair Inc. to Report Q1, 2017 Results on May 09, 2017

Wayfair Inc. announced that they will report Q1, 2017 results Pre-Market on May 09, 2017

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