Wayfair swings to $1 million Q2 loss as U.S. business grows

The furniture retailer reported mixed second-quarter results, with domestic growth offset by a decline in international sales and earnings falling from a year-earlier profit.

Summary

Wayfair posted mixed second-quarter results, with growth in its U.S. business countered by weaker international sales. The furniture company reported a loss of $1 million, or 1 cent a share, on Tuesday, compared with a profit of $15 million, or 11 cents a share, a year earlier. Shares of Wayfair were up 5.19%.

Terms & Concepts