secwatch.observer — SEC 8-K summary
======================================

Issuer:     Wayfair Inc. (W)
CIK:        0001616707
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001616707-22-000069
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1616707/000161670722000069/0001616707-22-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1616707/000161670722000069/w-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001616707-22-000069

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer