Wayfair’s latest loss suggests furniture recovery remains elusive - MarketWatch
1. Wayfair reported a wider-than-expected Q4 loss. Revenue beat expectations but margins were hit. 2. Net loss narrowed from prior year but adjusted EPS loss widened significantly. Analysts expected a minor loss. 3. Consumers are saving cash, shifting focus away from furnishings. A sluggish housing market further depresses demand. 4. The company issued $800M of junk bonds to refinance maturities. This move bolstered the balance sheet despite earnings concerns. 5. Wayfair stock declined significantly, contrasting with a rising S&P 500. Year-over-year performance remains weak.