Wayfair Q3 Results: Earnings Beat Street, But Sales And Customer Base Decline

Wayfair Inc. (NYSE:W) shares are trading lower on Friday.

The company reported third-quarter adjusted earnings per share of 22 cents, beating the street view of 13 cents. Quarterly sales of $2.884 billion (down 2%) topped the analyst estimate of $2.876 billion.

U.S. net revenue was $2.5 billion, down $60 million or 2.3% year over year. International net revenue was $372 million, with constant currency growth unchanged.

“Once again, we navigated a dynamic consumer environment while driving further discipline on costs to achieve a mid-single-digit Adjusted ...