— 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.
— 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.
After starting the week on a positive note, major stock indexes witnessed volatility and slipped mid-week. Meanwhile, the S&P 500 index regained a part of the lost momentum and closed
The TJX Companies Inc. (NYSE: TJX) saw sales slightly drop during the third quarter of 2021 while earnings benefited from lower tax rates. Open-only comp store sales were down 5%
Value investors have long viewed the fintech industry as a gold mine of opportunities in the years to come, with payment processing services carrying a fair share of interest. Those