secwatch.observer — SEC 8-K summary
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Issuer:     Wayfair Inc. (W)
CIK:        0001616707
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001616707-22-000176
Event type: earnings
Sentiment:  negative
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wayfair Q3 net revenue $2.8B (-9% YoY), net loss $283M, active customers down 22.6%
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- Net revenue $2.8B (-9% YoY); net loss $283M vs $78M; diluted EPS loss $2.66.
- Non-GAAP adjusted EBITDA loss $124M; adjusted diluted EPS loss $2.11.
- Active customers 22.6M (-22.6% YoY); LTM revenue per active customer $547 (+13%).
- Orders delivered 8.7M (-20.9%); average order value $325 vs $283.
- CEO targets over $500M cost savings in 2023 to reach adjusted EBITDA profitability and cash flow neutrality.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1616707/000161670722000176/0001616707-22-000176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1616707/000161670722000176/w-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001616707-22-000176

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