Wayfair Posts a $330 Million Fourth-Quarter Loss
Wayfair (NYSE: W) announced earnings results on Friday for the fourth quarter, which includes the all-important holiday shopping season. The e-commerce specialist met management's short-term growth forecast while posting mounting losses.
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Sales increased 26% to $2.5 billion as the chain continued gaining market share in the home furnishings industry. Yet that expansion rate marked a significant slowdown from the more-than-40% boost investors saw in the first half of 2019. Wayfair's growth decelerated in both the core U.S. market and in its relatively new international segment.
Source Fool.com
