Wayfair continues to take share, but growth comes at a cost, delaying breakeven profitability.
Faster international growth (94%, at 15% of sales) and the inaugural Way Day helped no-moat Wayfair deliver topnotch sales growth of 47% in its second quarter, for total revenue of $1.65 billion. Key metrics were solid, with the number of active customers rising 34% to 12.8 million, net revenue per customer over the last 12 months increasing 9% to $440, and repeat customer orders (now 66% of the total) growing 65% to 4.3 million. The repeat business is instrumental in leveraging expenses, as kee...Wayfair is a holding company. Through its e-commerce business model, the company provides customers with browsing, merchandising and product discovery for products from various suppliers. The company has online selections of furniture, decor, decorative accents, housewares, seasonal decor and other home goods. The company's mobile app also provides customers a way to shop for their home from their home using its View in Room 3D augmented reality tool. The company's sites include: Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold. Wayfair is the only one of the company's sites that also operates internationally, operating as Wayfair.ca in Canada, Wayfair.co.uk in the U.K. and Wayfair.de in Germany.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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