By Rob Curran
Wayfair's first-quarter loss narrowed as its homeware sales were steady with a year earlier, and the company expressed confidence about its ability to handle shifting tariff regimes.
The online furniture retailer's loss of $113 million, or 89 cents a share, was smaller than a loss of $248 million, or $2.06 a share, a year earlier.
Stripping out one-time items, Wayfair's adjusted earnings were 10 cents a share, outperforming the mean analyst estimate of a 21-cent-a-share loss.
Revenue was more or less flat at $2.73 billion, just shy of the average Wall Street target of $2.71 billion. U.S. sales rose, the company said, while its exit from the German market weighed on its results.
Wayfair's number of active customers fell 5.4% to 21.1 million, though average orders per customer ticked up.
"Tariffs are clearly top of mind for everyone--while there's a lot of uncertainty in the broader economy, we have direct line of sight and strong conviction on what we need to do for both our customers and our suppliers," Chief Executive and Chairman Niraj Shah said in a statement.
Wayfair shares rose 10% to $33.14 in premarket trading. The online furniture seller's popularity during pandemic lockdowns had driven shares to over $343 in 2020.
Write to Rob Curran at rob.curran@wsj.com
(END) Dow Jones Newswires
May 01, 2025 07:27 ET (11:27 GMT)
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