— Wayfair Inc. (NYSE: W) reported a fourth-quarter 2019 adjusted loss of $2.80 per share versus $2.65 per share loss expected.
— Net revenues climbed by 26% to $2.5 billion versus $2.53 billion expected. Direct Retail net revenue jumped by 27% year-over-year.
![Earnings Update by AlphaStreet](https://cdn.news.alphastreet.com/wp-content/uploads/2019/02/Earnings-Coverage-1280-1024x768.jpg)
— The US net revenue increased by 24% while international revenue jumped by 37%. International segment Net Revenue Constant Currency Growth was 37.3%.
— The number of active customers in Direct Retail business reached 20.3 million as of December 31, 2019, an increase of 34% year-over-year.
— LTM net revenue per active customer rose by 1.1% to $448 as of December 31, 2019.
— Orders per customer, measured as LTM orders divided by active customers, was 1.86, up from 1.85 in the prior-year quarter.
— Repeat customers placed 7.7 million orders, up 31.3% from last year. Orders delivered jumped by 27.1% to 11.2 million. The average order value declined to $226 from $227 a year ago.
— In the fourth quarter of 2019, 54.8% of total orders delivered for Direct Retail business were placed via a mobile device, compared to 51.8% last year.
Most Popular
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed