Latest news with #JonathanMatuszewski
Yahoo
5 days ago
- Business
- Yahoo
Wayfair posts first quarterly profit in 4 years
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Dive Brief: Wayfair on Monday swung into the black, posting its first quarterly profit since the second quarter of 2021. The online home furnishings company reported a Q2 net income of $15 million, up from a loss of $42 million last year, and an operating income of $17 million, from a loss of $35 million a year ago. The retailer's net revenue grew 5% year over year to $3.3 billion. Excluding the impact from its exit from the German market, Wayfair's net revenue increased 6%. U.S. revenues grew 5.3%, while international revenues were up 3.1%. The company's active customer base, however, declined 4.5% from the year-ago period. Orders per customer grew slightly, from 1.85 to 1.86. Dive Insight: CEO Niraj Shah declared Wayfair's second quarter 'a resounding success,' noting that the period 'was a nice proof point of the journey that we've been on and even more exciting of what is to come.' The home retailer turned a quarterly profit for the first time in four years, even as the broader home market remains challenged. Jefferies analysts led by Jonathan Matuszewski highlighted Wayfair's potential 'that stronger sales could unlock substantially-higher margins.' 'Imagine what's ahead when housing cooperates,' Matuszewski said in a Monday note. While retailers in the home sector have experienced lower demand in recent years, some retailers saw a lift more recently as consumers pulled purchases forward as fears of tariffs — and potential price increases — loomed. But Wayfair hasn't experienced noticeable changes in its customers' buying habits, executives said Monday, and Shah touted the company's marketplace model, which has allowed its prices to remain largely unchanged. 'The marketplace forces of our inventory-light model give us unmatched flexibility. … The benefits of this model continue to prove self-evident despite the various ebbs and flows of the broad business environment,' he said, adding that prices across the items consumers are currently purchasing are relatively consistent with those from the previous quarter. 'The momentum feels to us, driven by the structural business initiatives, not by any one-time events, any unique pull forward, anything like that. And that momentum is continuing,' CFO Kate Gulliver said on Monday's call with analysts. Wayfair in recent months has launched a number of initiatives, including its Wayfair Verified tool and paid loyalty program. The company has also been steadily building out its brick-and-mortar footprint across its various banners. Wayfair's first large-format store — which opened just over a year ago in Wilmette, Illinois, outside of Chicago — has helped drive purchases in less-frequented categories for the retailer. The company said it has seen a 50% increase in lower-ticket items like kitchen accessories purchases and a more than 35% increase in home improvement purchases, including bathroom renovation items and kitchen cabinets. Wayfair has plans to expand its large-format concept to Denver, Atlanta and Yonkers, New York. Recommended Reading Wayfair narrows losses even as revenue falls 2% in Q3 Sign in to access your portfolio
Business Insider
6 days ago
- Business
- Business Insider
Jefferies Keeps Their Buy Rating on Wayfair (W)
In a report released today, Jonathan Matuszewski from Jefferies maintained a Buy rating on Wayfair, with a price target of $74.00. The company's shares closed today at $73.48. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Matuszewski is a 4-star analyst with an average return of 5.4% and a 50.25% success rate. Matuszewski covers the Consumer Cyclical sector, focusing on stocks such as Williams-Sonoma, Wayfair, and Lowe's. In addition to Jefferies, Wayfair also received a Buy from William Blair's Phillip Blee in a report issued today. However, on the same day, Wedbush maintained a Hold rating on Wayfair (NYSE: W). W market cap is currently $8.37B and has a P/E ratio of -22.81. Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of W in relation to earlier this year.
Yahoo
10-06-2025
- Business
- Yahoo
Academy Sports + Outdoors Forge Ahead With 3 New Doors
Academy Sports + Outdoors continues to grow its store base. The sporting goods and outdoor recreation retailer has opened two new doors in the second quarter and a third that's forthcoming later this month, bringing the total new stores opened to seven across six states thus far in 2025. More from WWD Obermeyer's New CEO Sets Sights on Female Hunters and Anglers Inside Allbirds' Refreshed Store Concept Designed to Make It 'Easier to Shop' Lingerie Label Ysé Opens First London Store on King's Road The two new locations opened this month are in Fort Walton Beach, Fla., and Midlothian, Vir., with a third door slated to open in Morgantown, W. Vir., later this month. Included in the seven new stores opened this year are the retailer's first stores in Pennsylvania and Maryland. The retailer is one of the few retailers that has steadily been expanding its store base. It opened 14 new doors across six states in 2023, followed by 16 new sites in 10 different states in 2024. The company plans to open between 160 to 180 new locations over the next five years, and has plans to open between 20 to 25 new stores this year. In March, the retailer said it is expanding its Nike partnership and adding the Jordan brand into its stores and online. It also debuted the Converse brand in January. As part of its focus on local communities, the retailer's store opening celebrations at each new store included hosting donation shopping sprees with local non-profits, such as the Boys & Girls Clubs of The Emerald Coast and Boys & Girls Clubs of Metro Richmond in Fort Walton Beach and Midlothian. The events included exclusive deals and giveaways for the entire family. 'Academy Sports + Outdoors' generous donations have already made a significant impact in our local community by not only providing essential equipment but also breaking down financial barriers that often prevent kids from participating in sports and outdoor activities,' Shervin Rassa, CEO of the Boys & Girls Clubs of the Emerald Coast, said. 'This support directly enhances our Triple Play program, which promotes daily physical activity and an overall healthy lifestyle. We are excited to continue our partnership by helping more young people stay active, build confidence, and enjoy sports and outdoor fun.' Academy, which sells apparel, footwear and sporting equipment across a myriad of categories and both national brands and private label, also offers free services such as bike assembly. National brands include Nike, Adidas, L.L. Bean, Carhartt, and Brooks, among others. Private label brands include Magellan Outdoors, Freely, R.O.W., BCG, H2OX, Redfield, and Mosaic. The company said the three new stores are expected to bring 'nearly 200 total new jobs' to their local communities. Jefferies analyst Jonathan Matuszewski said last month that the retailer could benefit from newness in footwear and its growing loyalty program, as well as potentially capture the trade-down customer. The company in March named Sumit Anand as its chief information officer. Best of WWD All the Retailers That Nike Left and Then Went Back Mikey Madison's Elegant Red Carpet Shoe Style [PHOTOS] Julia Fox's Sleekest and Boldest Shoe Looks Over the Years [Photos]
Yahoo
24-04-2025
- Business
- Yahoo
Wayfair Inc. (W): Among Billionaire George Soros' Small-Cap Stocks with Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where Wayfair Inc. (NYSE:W) stands against Billionaire George Soros' other small-cap stocks with huge upside potential. When a legendary investor like George Soros makes a move, Wall Street pays attention. However, most of the limelight is taken by mega-cap stocks, with no one paying heed to the many small-cap stocks that form an important part of Soros' portfolio. Digging out these small-cap stocks is important. In some cases, these are the mega-cap stocks of the future. In other cases, these provide amazing returns in a very short period of time. The key is to get in early. And what better way to get in early than to do it when the big guys do. We therefore decided to compile a list of stocks in billionaire George Soros' portfolio that have the most upside. To come up with our list of billionaire George Soros' 10 Small-Cap stocks with huge upside potential, we first looked at his top 50 stock holdings. We then filtered out the companies to look at only the ones with a market cap below $10 billion. After arriving at his top small-cap holdings list, we then looked at the median analyst price targets on those stocks and then ranked them by their upside potential. An elegant home décor with a stunning furniture piece, showcasing the company's premium online selections. Wayfair Inc. (NYSE:W) operates an e-commerce business. The company provides online selections of housewares, furniture, décor, and home improvement products. It sells its products under the Mercury Row and Three Posts brands. According to the median analyst price target, the stock still has an upside of 67.64%. The online retailer recently launched a new program, Wayfair Verified. According to the company, this program is designed to simplify online shopping. It aims to reduce the uncertainty in online furniture shopping by verifying high-quality products. This initiative aims to improve customer satisfaction and confidence by highlighting approved products. Wayfair Inc. (NYSE:W) earned an upgrade last month by Jefferies from Hold to Buy. Analyst Jonathan Matuszewski's target price points to a 42% potential upside from the current price level. This upgrade was based on strong growth in the housing market, mainly in the West, its new loyalty program, share gains, and the company's solid offline and online presence. Jefferies analyst Jonathan Matuszewski highlighted Wayfair's growth potential by saying: 'Bottom-line, at 14.2x 2025 EBITDA, we view the medium-term growth algorithm of double-digit percentage sales growth and a path towards double-digit percentage EBITDA margins attractive.' Overall, W ranks 5th on our list of billionaire George Soros' small-cap stocks with huge upside potential. While we acknowledge the potential of W as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than W but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
