Did You Miss This Valuable Info in Wayfair's Latest Report?
Wayfair (NYSE: W) posted its first profit as a public company in 2020, and management hinted in the 2021 first-quarter earnings report that it's on the verge of reaching sustainable profitability. This is an important milestone for a company that consistently reported net losses through 2019.
During the earnings call, CEO Niraj Shah said, "While the magnitude of margins will move quarter to quarter and the various tailwinds and headwinds with which we contend will change over time, we are confident that strong profitability will continue and will expand over time as our various investments continue to bear fruit."
Let's look at Wayfair's business to see why it should be able to further accelerate its profits over the long term.
Source Fool.com
