Wayfair Q1 revenue $3.0B (-13.9% YoY), net loss $319M; CFO Fleisher to retire

Wayfair Inc.

Q1 net revenue $3.0B, down 13.9% YoY; U.S. down 9.9%, International down 31.4%.
Net loss $319M ($3.04 diluted loss per share); Adjusted EBITDA -$113M; non-GAAP adj. diluted loss per share $1.96.
Active customers 25.4M (-23.4% YoY); orders delivered 10.4M (-29%); LTM net rev per active customer $520 (+12.8%).
CFO Michael Fleisher to retire; Kate Gulliver appointed incoming CFO & CAO effective Nov 2022; transition through Jan 15, 2023.
Paul Toms named VP, Chief People Officer effective June 1, 2022.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Kate Gulliver

Chief Financial Officer

W · Wayfair Inc.

Effective: 2022-05-05
Filed: May 5, 2022, 7:59 PM ET

The Company also announced that Kate Gulliver has been appointed Incoming Chief Financial Officer effective May 5, 2022 and will succeed Mr. Fleisher as the Company’s new Chief Financial Officer and Chief Administrative Officer in November 2022.

Departed

Michael Fleisher

Chief Financial Officer

W · Wayfair Inc.

Successor: Kate Gulliver
Filed: May 5, 2022, 7:59 PM ET

On May 5, 2022, the Company announced that Michael Fleisher, Chief Financial Officer, will retire from the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kate Gulliver was appointed as Chief Financial Officer at Wayfair Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

The Company also announced that Kate Gulliver has been appointed Incoming Chief Financial Officer effective May 5, 2022 and will succeed Mr. Fleisher as the Company’s new Chief Financial Officer and Chief Administrative Officer in November 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Fleisher departed as Chief Financial Officer at Wayfair Inc..

Action: retire
Role: Chief Financial Officer

Exact text from the filing

On May 5, 2022, the Company announced that Michael Fleisher, Chief Financial Officer, will retire from the Company.

View on SEC.gov

Wayfair Inc. filing history →

Source: SEC EDGAR

accession 0001616707-22-000069

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