Overview

* Wayfair ( W ) Q3 revenue grows 8.1% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 beats consensus, reflecting improved operational performance

* Company reports substantial growth in Adjusted EBITDA, highest margin outside pandemic period

Outlook

* Company did not provide specific guidance for future quarters or the full year

Result Drivers

* ORDERS GROWTH - Orders delivered grew by over 5% year-over-year, contributing to revenue growth

* PROFITABILITY - Substantial growth in Adjusted EBITDA driven by strong contribution margin and cost discipline, per CEO Niraj Shah

* CUSTOMER SPENDING - LTM net revenue per active customer increased by 6.1% year-over-year, indicating improved purchasing behavior

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $3.10 $3 bln

Revenue bln (28

Analysts

)

Q3 Beat $0.70 $0.41

Adjusted (26

EPS Analysts

)

Q3 EPS -$0.76

Q3 Net -$99 mln

Income

Q3 Beat $208 mln $161.80

Adjusted mln (26

EBITDA Analysts

)

Q3 Gross $934 mln

Profit

Q3 $93 mln

Operatin

g Cash

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 18 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the department stores peer group is "buy"

* Wall Street's median 12-month price target for Wayfair Inc ( W ) is $88.00, about 1.8% above its October 27 closing price of $86.45

* The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 53 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)