secwatch.observer — SEC 8-K summary
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Issuer:     Wayfair Inc. (W)
CIK:        0001616707
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001616707-23-000078
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wayfair Q1 net revenue $2.8B, net loss $355M, expects positive EBITDA in Q2
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- Net revenue $2.774B, down 7.3% YoY; U.S. $2.4B (-5.0%), International $359M (-20.4%).
- Net loss $355M; diluted EPS loss $3.22; Non-GAAP Adjusted EBITDA loss $(14)M, improving toward breakeven.
- Active customers 21.7M, down 14.6% YoY; LTM net revenue per active customer $552 (+6.2%).
- Orders delivered 9.7M (-6.7% YoY); repeat customers placed 79.1% of total orders.
- Management expects positive Adjusted EBITDA in Q2 2023; cites market share gains and cost improvements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1616707/000161670723000078/0001616707-23-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1616707/000161670723000078/w-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001616707-23-000078

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