NYSE$W

Wayfair Inc. · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Wayfair's Q2 2023 results demonstrated market share gains and a return to positive year-over-year order growth, achieving key profitability milestones.

Wayfair's Q2 2023 net revenue was $3.2 billion. The company achieved positive adjusted EBITDA and free cash flow, alongside positive year-over-year order growth and a sequentially higher active customer count.

  • Total net revenue reached $3.2 billion, a 3.4% decrease year-over-year.
  • U.S. net revenue totaled $2.8 billion, a 0.4% decrease year-over-year.
  • International net revenue was $386 million, a 20.9% decrease year-over-year.
  • The company reported a net loss of $46 million, with a Non-GAAP Adjusted EBITDA of $128 million.

Headline financials

Total Revenue

$3.17B

Previous: $3.28B-3.4%
EPS (adj)

$0.21

Previous: -$1.94+110.8%
LTM Net Revenue per Customer

$545.00

Previous: $537.00+1.5%
Average Order Value

$307.00

Previous: $330.00-7.0%
Active customers

21.8M

Previous: 23.6M-7.6%
Orders delivered

10.3M

Previous: 10.0M+3.0%
Capital Expenditures

-$71M

Previous: -$93M+23.7%
Free Cash Flow

-$117M

Previous: -$471M+75.2%
Net Income

-$46M

Previous: -$378M+87.8%
Operating Income

-$142M

Previous: -$372M+61.8%
Gross Profit

$985M

Previous: $896M+9.9%
Cash & Equivalents

$1.25B

Previous: $1.09B+14.2%
Total Assets

$3.38B

Previous: $4.1B-17.5%
Stock-Based Comp

$164M

Previous: $129M+27.1%

Revenue & EPS history

Wayfair · Revenue · Quarterly

$3.17B

Q2 2023-3.4%vs Q2 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Wayfair · $3.17B total across 2 segments · Q2 2023

  • U.S.
    $2.79B-0.4%
  • International
    $386M-20.9%

Forward guidance

Wayfair did not provide specific forward guidance in this earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

+1.9%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+3.4%

Avg return

30 days after

50%

23 / 46 earnings

Positive

+40.4%

Q2 2015

Best reaction

-27.1%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-10.4%-13.7%-1.7%
Q4 2025-12.7%-19.2%-20.9%
Q3 2025+23.1%+19.7%+30.2%
Q1 2025+3.5%-0.0%+36.7%
Q4 2024-0.6%-7.5%-27.3%
Q3 2024-2.1%-5.6%+8.0%
Q2 2024-12.2%-20.0%-21.8%
Q1 2024+25.8%+37.6%+17.7%
Q4 2023+7.7%+17.5%+29.8%
Q3 2023+9.6%+8.4%+37.4%
Q2 2023+14.0%+12.2%-1.0%
Q1 2023+28.4%+17.1%+38.1%
Q4 2022-24.9%-18.7%-31.3%
Q3 2022-8.0%-10.2%+18.3%
Q2 2022-3.3%-7.5%-22.9%
Q1 2022-27.1%-35.6%-35.8%
Q4 2021+8.1%+9.2%-5.4%
Q3 2021-8.4%-6.8%-12.8%
Q2 2021+5.1%+13.6%+9.0%
Q1 2021+12.7%+20.3%+18.5%
Q4 2020+12.0%+24.0%+33.1%
Q3 2020+5.7%+17.8%-6.2%
Q2 2020+7.5%+2.5%-10.3%
Q1 2020+34.8%+40.2%+32.4%
Q4 2019-12.2%-12.8%-34.2%
Q3 2019-17.2%-19.4%-16.0%
Q2 2019-2.9%-6.5%-14.0%
Q1 2019-9.0%-10.8%-11.9%
Q4 2018+36.7%+39.7%+35.1%
Q3 2018-15.7%-15.2%-3.7%
Q2 2018+4.1%+7.2%+26.1%
Q1 2018+16.9%+26.1%+45.8%
Q4 2017-21.4%-20.3%-29.4%
Q3 2017-9.3%-19.0%-5.6%
Q2 2017-9.6%-13.5%-8.4%
Q1 2017+25.5%+18.7%+43.1%
Q4 2016-4.8%-8.4%-7.0%
Q3 2016+1.1%+6.1%+14.7%
Q2 2016-21.8%-19.2%-14.2%
Q1 2016+7.5%
Q4 2015+2.0%
Q3 2015-9.3%
Q2 2015+40.4%
Q1 2015-2.6%
Q4 2014+10.0%
Q3 2014-9.0%
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013

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