Wayfair Stock Skyrockets on Blowout Q3 Earnings – Experts Issue Forecasts
The strong quarter underscores Wayfair’s turnaround. After years of deep losses, the company has returned to profitability by cutting costs, refining its supply chain and focusing on repeat customers. CFO Kate Gulliver said Wayfair is “operating with a dual mandate, reducing leverage while also managing dilution” investing.com. In Q3 the business generated $155M of operating cash flow and $93M of free cash flow prnewswire.com, helping keep debt low ($1.2B in cash on hand prnewswire.com) even as sales pick up. Investor reaction was immediate. CNBC noted that “Wayfair beat Wall Street estimates and said revenue jumped 8% in the third quarter,”