Wayfair Just Can’t Seem to Turn a Profit
Wayfair went public in 2014, but since that time, it has been unable to turn a profit. Its losses continue to grow, with the most recent quarter’s results revealing a net loss nearly 80% greater than last year’s. Still, Wayfair CEO Niraj Shah expressed optimism, pointing ahead to the holiday season and citing Wayfair’s efforts to develop innovative solutions to customers’ problems.
Still, CEO Niraj Shah remained “confident in the future growth of the business” directing attention away from the mounting loss in the quarter and towards Q4.