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Wayfair Plunges After Coronavirus Hits Supply Chain in China

The Wayfair website.

The Wayfair website.

Photographer: Bloomberg/Bloomberg

Wayfair Inc., which relies on China for half of its products, fell the most ever after saying its quarter-to-date revenue growth is trending just under 20%, well below historical rates.

If that growth rate tracks through the rest of the quarter, it would be the slowest growth in its history as a public company, according to data compiled by Bloomberg. Wayfair expects first-quarter net revenue in the $2.235 billion to $2.275 billion range, the company said on its earnings call. That compares with the average analyst estimate of estimate $2.47 billion and is below the low end of analyst expectations.