Wayfair Inc Stock Price, News & Analysis

Wayfair (NYSE:W) has announced it will release its fourth quarter 2024 financial results on February 20, 2025, before market opening. The company will host a conference call at 8 a.m. ET on the same day to discuss the results. Wayfair, a multi-brand home goods retailer, generated $11.8 billion in net revenue for the twelve months ended September 30, 2024.

The company operates several brands including Wayfair, AllModern, Birch Lane, Joss & Main, Perigold, and Wayfair Professional, offering products across various style preferences and price points. The earnings call will be available via webcast and dial-in, with archived content accessible through the investor relations website.

Perigold, a luxury home retailer and part of Wayfair Inc. (NYSE:W), has announced its second brick-and-mortar location in Houston's Highland Village, set to open in spring 2025. The nearly 20,000-square-foot store will showcase high-end furniture, decor, lighting, kitchenware, bath, and tile products. This announcement follows their first planned store opening in West Palm Beach's CityPlace in fall 2025. The Houston location will feature Brand and Designer Shops with curated spaces by recognized designers like Marie Flanigan, Jessica Davis, and Evan Millárd.

Wayfair has announced its extensive Black Friday and holiday savings events, featuring over one million items on sale with discounts up to 80% off. Key highlights include:

• Early Black Friday Sale: Runs through December 8, offering the best prices of the year.
• 24 Hour Deals of the Day and Holiday Flash Deals: Daily one-day-only deals with up to 80% savings on quantities.
• App Exclusive Savings: 48 hours of extra savings on select items starting November 18.
• Doorbusters: Starting November 28, offering significant discounts on top brands.
• Free Shipping: On all purchases from November 21 through December 8.
• Extended Return Window: Purchases made through December 31, 2024, can be returned until January 30, 2025.
• Wayfair Rewards: Members earn 5% back on all merchandise year-round.

Wayfair aims to help customers transform their homes for the holidays with these deals.

Wayfair (NYSE: W) reported Q3 2024 financial results with total net revenue of $2.9 billion, down 2.0% year-over-year. The company posted a net loss of $74 million with Non-GAAP Adjusted EBITDA of $119 million. Gross profit was $873 million, representing 30.3% of total revenue. Active customers decreased 2.7% to 21.7 million, while average order value increased to $310 from $297 year-over-year. The company maintained strong liquidity with $1.3 billion in cash and cash equivalents, and total liquidity of $1.9 billion including credit facility availability.

Wayfair Inc. (NYSE: W) has launched Wayfair Rewards, a new loyalty program designed to offer significant value and convenience to customers. For a $29 annual subscription, members gain access to a range of benefits across Wayfair's portfolio of brands, including:

• 5% back in rewards on all merchandise
• Exclusive member-only sales
• Early access to major sales events
• Free shipping on all items
• Priority customer service
• Special offers and perks

The program aims to make home shopping more affordable and rewarding, with benefits applicable to Wayfair and its specialty brands like AllModern, Birch Lane, Joss & Main, and Perigold. Rewards never expire as long as membership is maintained and can be applied to future purchases. Wayfair Rewards is currently available only to U.S. customers.

Wayfair Inc. (NYSE: W) announced that its subsidiary, Wayfair , has closed a private offering of $800 million in 7.250% senior secured notes due 2029. The notes will mature on October 31, 2029, unless repurchased or redeemed earlier. The company plans to use the net proceeds, along with cash on hand, to repay certain existing convertible senior notes and for general corporate purposes.

Kate Gulliver, CFO and CAO of Wayfair, stated that the company has shown considerable cost discipline over the past two years and views this as a step towards financial maturation. The notes are guaranteed by Wayfair and certain domestic subsidiaries, secured by first-priority liens on assets that also secure the company's senior secured revolving credit facility.

The notes have not been registered under the Securities Act of 1933 and were offered only to qualified institutional buyers and non-U.S. persons in accordance with applicable regulations.

Wayfair Inc. (NYSE:W), the destination for all things home, has announced the schedule for its third quarter 2024 earnings release and conference call. The company will release its financial results for the quarter ending September 30, 2024 before the market opens on November 1, 2024. A conference call will be hosted at 8 a.m. ET on the same day to review the results.

Investors and participants can register for the call in advance through a provided link. Additionally, a live webcast of the call will be available, with an archived version accessible shortly after the call on the company's investor relations website.

Barbara "Babs" Costello, known for her viral @BrunchWithBabs social media accounts, has partnered with Birch Lane to launch a curated collection of classic furniture and decor. As Birch Lane's first brand ambassador, Babs has selected over 50 items, including some she has used for years. The Babs x Birch Lane collection aims to help consumers create welcoming, traditional homes with a fresh twist.

Birch Lane, part of the Wayfair family, offers fast and free delivery on their products. The collection features items like the Rosalie extendable dining table and seasonal decor. Babs, with her 7 million+ followers, will provide home and entertaining advice alongside the collection. New pieces will be added seasonally, available exclusively on BirchLane.com and in Birch Lane stores.

Wayfair Inc. (NYSE:W) has announced its second Way Day of the year, a three-day sales event starting October 5 at midnight ET. This event offers discounts of up to 80 percent on over one million items, including furniture, home decor, and home improvement products. The sale features free shipping sitewide and runs across Wayfair's Specialty Retail Brands: AllModern, Birch Lane, and Joss & Main.

Key features of the event include:

• New flash deals dropping every 24 hours
• Deals on popular brands like Sealy, Shark, and iRobot
• App-exclusive savings with 24 Hour Early Access Sale on October 4
• In-store offers and activities at Wayfair's Chicago area store and other brand locations
• Pro-exclusive deals for Wayfair Professional members

The event aims to help customers prepare for the holiday season with significant savings on home essentials and decor.