Wayfair Posts a Nearly $1 Billion Loss for 2019

Wayfair (NYSE: W) stock had fallen significantly in the months leading up to its fourth-quarter report. Investor optimism declined as the e-commerce business posted slower growth in the U.S. and failed to stem its surging cost profile.

The company's holiday-season earnings announcement didn't do much to change that broader operating picture. Sales gains were robust in late 2019, but not as strong as they had been in past quarters.

Wayfair also generated significant losses for the quarter and the wider year. Let's take a closer look.

Source Fool.com