Wayfair's (W) CEO Niraj Shah on Q1 2019 Results - Earnings Call Transcript

May 02, 2019 2:00 PM ETWayfair Inc. (W) StockW1 Comment
SA Transcripts
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Q1: 2019-05-02 Earnings Summary

EPS of -$1.62 misses by $0.01
 | Revenue of $1.94B (38.49% Y/Y) beats by $26.99M

Wayfair Inc. (NYSE:W) Q1 2019 Earnings Conference Call May 2, 2019 8:00 AM ET

Company Participants

Julia Donnelly – Head-Corporate Finance
Niraj Shah – Cofounder, Chief Executive Officer and Co-Chairman
Steve Conine – Cofounder and Co-Chairman
Michael Fleisher – Chief Financial Officer

Conference Call Participants

Peter Keith – Piper Jaffray
John Blackledge – Cowen
Aaron Kessler – Raymond James
Oliver Wintermantel – Evercore ISI
Brian Nagel – Oppenheimer

Operator

Good morning ladies and gentlemen. My name is Suzanne, and I will be your host operator for this call. At this time, I would like to welcome everyone to the Wayfair Q1 2019 Earnings Release and Conference Call. [Operator Instructions] Thank you.

At this time I would like introduce Julia Donnelly, Head of Corporate Finance at Wayfair. Please begin.

Julia Donnelly

Good morning and thank you for joining us. Today, we will review our first quarter 2019 results.

With me are Niraj Shah, Cofounder, Chief Executive Officer and Co-Chairman; Steve Conine, Cofounder and Co-Chairman; and Michael Fleisher, Chief Financial Officer. We will all be available for Q&A following today’s prepared remarks.

I would like to remind you that we will make forward-looking statements during this call regarding future events and financial performance, including guidance for the second quarter of 2019. We cannot guarantee that any forward-looking statements will be accurate, although we believe that we have been reasonable in our expectations and assumptions. Our 10-K for 2018 and our subsequent SEC filings, identify certain factors that could cause the Company's actual results to differ materially from those projected in any forward-looking statements made today. Except as required by law, we undertake no obligation to publicly update or revise these statements, whether as a result of any new information, future events or otherwise.

Also, please note that during this call, we will discuss certain

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