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Wayfair’s sales surge almost 20%, net loss widens, in the first quarter

May 5, 2020


Online furniture retailer Wayfair’s net loss widened in the first quarter as its sales surged nearly 20%, with more people flocking to its website to furnish their home offices and bedrooms during the coronavirus pandemic.

Its shares fell roughly 3% in premarket trading following the announcement.

Here’s how the company did in the first quarter ended March 31:

  • Earnings per share: A loss of $2.30, adjusted
  • Revenue: $2.33 billion

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