How Wayfair Aims to Break Even in 2021
Investors showed fraying patience in response to Wayfair's (NYSE: W) fourth-quarter earnings report. While the home furnishings retailer continued winning market share thanks to its robust e-commerce platform, sales growth slowed and costs spiked. Total 2019 losses amounted to nearly $1 billion.
In a conference call with analysts, CEO Niraj Shah and his team broke down the latest operating results while explaining how they expect to take a big step toward profitability in 2020. Below are a few highlights from that discussion.
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Source Fool.com
