2 Things Are Keeping Wayfair Unprofitable -- and They're Growing
Kudos to home goods e-commerce name Wayfair (NYSE: W) for topping last quarter's earnings estimates. And congratulations to shareholders. Wayfair shares jumped by double digits on Tuesday following the release of the company's first-quarter earnings. At one point, the stock was trading up as much as 35%.
However, there's a nagging little detail buried within this organization's numbers. Wayfair is not getting any better as it gets bigger. That's a noteworthy problem given the backdrop.
With millions of consumers stuck at home with tons of extra time on their hands, Wayfair is very much in its element. CEO Niraj Shah even said as much in the official earnings release, commenting that:
Source Fool.com
