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Wayfair posts 33% gain in active customers

Published 02/22/2018, 07:43 AM
© Reuters.  Wayfair posts 33% gain in active customers
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  • Wayfair (NYSE:W) reports direct revenue increased 48% Y/Y to $1.4192B in Q4.
  • Adjusted EBITDA was -$21.2M to account for -1.5% of sales.
  • The number of active customers rose 33.2% Y.Y to 11.0M. Orders per customer came in at 1.77 vs. 1.71 a year ago. Average order +13% to $229.
  • "Our long-term investing approach and customer-centric mentality continue to pay off as we outpace the shift to online spending in our category and gain significant market share," says CEO Niraj Shah.
  • Previously: Wayfair misses by $0.06, beats on revenue (Feb. 22)
  • Shares of Wayfair are down 7.64% in premarket trading.
  • Now read: Ardagh Group reports Q4 results


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