Wayfair Stock Is Sliding. Its Fourth-Quarter Loss Was Wider Than Expected
Wayfair posted a fourth-quarter loss Thursday that far exceeded the market’s expectation. The stock is down and threatening to erase its 2025 gains.
When adjusting for one-time charges, the home furnishings retailer reported a loss of 25 cents per share, more than doubling its adjusted loss from a year ago. Wall Street was expecting the company to post just one cent per share in losses.
The stock fell 7.6% to $42.80 in premarket trading Thursday. If it keeps pace, the decline would wipe out its year-to-date gain of 4.54%.
Revenue for the quarter came in at $3.12 billion, ahead of the $3.066 billion that analysts had expected.
It’s looking like a tough day for retail stocks. Walmart stock was down 7.5% in premarket trading after its guidance fell short. The SPDR S&P Retail exchange-traded fund was down 1%.
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