Exhibit 99.1
 
Wayfair Announces Second Quarter 2019 Results
Q2 Direct Retail Net Revenue Growth of 42% Year over Year to $2.3 billion
17.8 million Active Customers, up 39% Year over Year

BOSTON, MA — August 1, 2019 Wayfair Inc. (NYSE: W), one of the world’s largest online destinations for the home, today reported financial results for its second quarter ended June 30, 2019.
Second Quarter 2019 Financial Highlights
Direct Retail net revenue, consisting of sales generated primarily through Wayfair’s sites, increased $690.8 million to $2.3 billion, up 42.1% year over year
Gross profit was $559.6 million or 23.9% of total net revenue
GAAP net loss was $181.9 million
Adjusted EBITDA was $(70.0) million or (3.0)% of total net revenue
GAAP basic and diluted net loss per share was $1.98
Non-GAAP diluted net loss per share was $1.35
Non-GAAP free cash flow was $(91.5) million
At the end of the second quarter, cash, cash equivalents, and short-term and long-term investments totaled $714.5 million
“We are very pleased to report another strong quarter with Direct Retail net revenue up $691 million, an increase of 42 percent year over year,” said Niraj Shah, CEO, co-founder and co-chairman, Wayfair. “In addition to a successful second annual Way Day, we are seeing our investments across the business drive greater and greater value to our suppliers and customers.  As we continue to strengthen our global logistics network through the addition of Castlegate warehouses and last mile delivery facilities, we are driving cost efficiencies and building an unparalleled experience for our customers with even faster delivery. We look forward to building on this tremendous momentum as we continue to scale our operations and capture an out-sized share of the consumer spending moving online in our market segment.”  
Other Second Quarter Highlights 
The number of active customers in our Direct Retail business reached 17.8 million as of June 30, 2019, an increase of 39.1% year over year
LTM net revenue per active customer was $447 as of June 30, 2019, an increase of 1.6% year over year
Orders per customer, measured as LTM orders divided by active customers, was 1.86 for the second quarter of 2019, compared to 1.82 for the second quarter of 2018
Repeat customers placed 67.8% of total orders in the second quarter of 2019, compared to 66.0% in the second quarter of 2018
Repeat customers placed 6.2 million orders in the second quarter of 2019, an increase of 46.1% year over year
Orders delivered in the second quarter of 2019 were 9.2 million, an increase of 42.0% year over year
Average order value was $255 for the second quarter of 2019, compared to $254 for the second quarter of 2018
In the second quarter of 2019, 53.5% of total orders delivered for our Direct Retail business were placed via a mobile device, compared to 49.2% in the second quarter of 2018
Webcast and Conference Call
Wayfair will host a conference call and webcast to discuss its second quarter 2019 financial results today at 8 a.m. (ET). Investors and participants can access the call by dialing (833) 286-5803 in the U.S. and (647) 689-4448 internationally. The passcode for the conference line is 7278645. The call will also be available via live webcast at investor.wayfair.com along with supporting slides. An archive of the webcast conference call will be available shortly after the call ends. The archived webcast will be available at investor.wayfair.com.

1

The following information was filed by Wayfair Inc. (W) on Thursday, August 1, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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