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May 30, 2015 8:55 AM 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: $80.0K
Co-Founder, Co-Chairman and Chief Technology Officer
Age: 41
Total Annual Compensation: $80.0K
Chief Financial Officer
Age: 49
Total Annual Compensation: $437.5K
Senior Vice President of Strategic Initiatives
Age: 42
Total Annual Compensation: $331.3K
Senior Vice President and General Manager of Wayfair.Com
Age: 41
Total Annual Compensation: $293.8K
Compensation as of Fiscal Year 2014.

Wayfair Inc. Key Developments

Wayfair Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015

Wayfair Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net revenue of $424.37 million compared to $278.71 million a year ago. Loss from operations was $27.09 million compared to $28.17 million a year ago. Loss before income taxes was $27.09 million compared to $28.01 million a year ago. Net loss attributable to common stockholders was $27.14 million or $0.33 per basic and diluted share compared to $35.18 million or $0.86 per basic and diluted share a year ago. Net cash used in operating activities was $35.20 million compared to $24.43 million a year ago. Purchase of property and equipment was $12.05 million compared to $11.36 million a year ago. Adjusted EBITDA was $12.340 million compared to $19.40 million a year ago. Non-GAAP diluted net loss per share was $0.23 compared to $0.57 a year ago. Non-GAAP free cash flow was negative $51.4 million. Non-GAAP net loss was $18.93 million compared to $23.46 million a year ago. capital expenditures was $16.2 million. For second quarter of 2015, the company expects direct retail revenue of $380 million to $390 million. Direct Retail revenue guidance in growth rate reflects the acceleration saw in the business in first quarter. The company expects other revenue to be between $45 million and $50 million for a total net revenue of $425 million to $440 million. The company expects EBITDA margins of negative 3.5% to negative 3.75%.

Wayfair Inc. to Report Q1, 2015 Results on May 11, 2015

Wayfair Inc. announced that they will report Q1, 2015 results on May 11, 2015

Wayfair Inc., Q1 2015 Earnings Call, May 11, 2015

Wayfair Inc., Q1 2015 Earnings Call, May 11, 2015

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