1238 ET - While the demand recovery timeline in furniture and furnishings has taken a lot longer than anticipated, the risk/reward set-up on Wayfair remains very compelling, Raymond James analysts say in a research note. The online furniture retailer continues to outperform its peers and has created a leaner P&L to drive meaningful Ebitda growth as demand returns. "We believe Wayfair has the right playbook," the analysts say, adding that the furniture industry is positioned better to modestly improve throughout 2025 after multiple years of pressure. Raymond James raises its 1Q adjusted Ebitda estimate to $81 million from $73 million, but lowers its FY25 adjusted Ebitda views to $474 million from $481 million previously on a 0.8% increase in annual revenue growth. Shares fall 6.7% to $43.(sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

February 21, 2025 12:39 ET (17:39 GMT)

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