What to Expect From Wayfair’s Upcoming Q3 Results?
<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/W'>Wayfair Inc. (NYSE:W)</a> ahead of the upcoming Q3 results announcement, expecting sales of $2.81 billion (in line with the Street) and adjusted EBITDA of ($137) billion (vs. Street’s -$120 billion). </p>
<p>The analysts expect Q3 active customers of 22.8 million (vs. Street estimate of 23.7 million) which would mark the sixth straight quarter of sequential declines. They attribute this to a combination of tough compares and an increasingly challenging consumer environment.</p>
<p>Assuming Q3 sales fall 10-12%, the analysts expect Q4-to-date gross sales to be somewhere in the ballpark of down high-single-digits (sequential progress due to easier comps, not an improving industry backdrop).</p>
<p>Even if the company does deliver ahead of expectations, the analysts believe it will be difficult for management to message any real conviction on 2023 numbers.</p>

NYSE:W