“Wayfair shares surge after furniture retailer cuts losses by more than $100 million”
May 8, 2024
“Wayfair’s sales slid during its first quarter, but the online furniture retailer reduced its losses after cutting 13% of its workforce at the start of the year, the company announced Thursday…
Wayfair shares closed more than 16% higher Thursday. The company’s reported net loss for the three-month period that ended March 31 was $248 million, or $2.06 per share, compared with a loss of $355 million, or $3.22 per share, a year earlier. Excluding one-time items, the company lost 32 cents per share…”
https://www.cnbc.com/2024/05/02/wayfair-w-earnings-q1-2024.html