Wayfair reported a narrower-than-expected Q4 loss, resumed positive active customer growth, and saw a 14.8% pre-market stock surge.
Wayfair's shares surged as the online home-furnishings retailer reported a narrower-than-expected Q4 loss and returned to positive active customer growth after two years of declines. The stock soared 14.8% pre-market after announcing Q4 net loss of $174M, an improvement from the previous year. The company also saw growth in active customers, increasing by 1.4% year-over-year to 22.4 million, and improved Free Cash Flow by over one billion dollars in 2023 compared to 2022.
February 21, 2024
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