Wayfair provides a variety of websites that offer an extensive selection of home furnishings and decor across all styles and price points. In addition to Wayfair.com, other websites it runs include Birch Lane and Joss & Main.
Wayfair reported first quarter earnings last week that beat revenue, but not earnings Wall Street expectations. Wayfair reported an earnings loss of $1.62 / share on revenue of $1.94 billion, a rise of 39% from the year-ago quarter.
Wayfair’s stock dropped 7% following the e-commerce-focused home furnishings retailer’s release of its first-quarter financial report. Wayfair reported strong top-line growth of 39%, with direct-to-consumer
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