Wayfair's second quarter financial report will be released on August 5! What are the remarkable achievements in the first quarter?

Wayfair is one of the largest home furnishing e-commerce companies in the world and the largest home furnishing e-commerce platform in the U.S. Headquartered in Boston, Massachusetts, Wayfair operates in North America and Europe and has more than 16,200 employees.

It is learned that Wayfair generated $15.3 billion in net income in the twelve months ending March 31, 2021. Revenue in the first quarter was $3.5 billion, a year-on-year increase of $1.1 billion, a growth rate of 49.2%, and net profit was $18.2 million. It is reported that Wayfair's second-quarter financial report will be released on August 5.

First quarter performance summary review:

• Wayfair's net revenue in the U.S. grew 42.8% to $2.8 billion in the first quarter, while international net revenue was $700 million, with sales up 85%.

• Active customers in the first quarter were 33.2 million, up 57% from the same period last year. LTM net revenue per active customer was $461, up 2.7% year-over-year.

• Orders in the first quarter totaled 14.7 million, up 48.8% year-on-year. Of all orders, 60% came from mobile devices, up from 54.8% in the first quarter of 2020.

• The number of orders per buyer in the first quarter was 1.98, with average spending of $237, up from $235 a year ago.

• In the first quarter, repeat customer orders totaled 10.9 million, accounting for 74.5% of total orders and up 58.9% year-on-year.

Editor ✎ Estella /

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