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Wayfair Inc. (W) CEO Niraj Shah on Q1 2020 Results - Earnings Call Transcript

May 05, 2020 3:09 PM ETWayfair Inc. (W)10 Comments
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Wayfair Inc. (NYSE:W) Q1 2020 Earnings Conference Call May 5, 2020 8:00 AM ET

Company Participants

Jane Gelfand - Head of Investor Relations

Niraj Shah - Co-founder, Chief Executive Officer & Co-Chairman

Steve Conine - Cofounder & Co-Chairman

Michael Fleisher - Chief Financial Officer

Thomas Netzer - Chief Operating Officer

Conference Call Participants

Peter Keith - Piper Sandler

Chuck Grom - Gordon Haskett

John Blackledge - Cowen

Justin Post - Bank of America-Merrill Lynch


Ladies and gentlemen, thank you for standing by, and welcome to the Wayfair Quarter One 2020 Earnings Release Conference Call. At this time, all participant lines are in listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised, today's conference is being recorded. [Operator Instructions]

I would now like to hand the conference over to Jane Gelfand, Head of Investor Relations. Please go ahead.

Jane Gelfand

Good morning and thank you for joining us. Today, we will review our first quarter 2020 results. With me are Niraj Shah, Co-Founder, Chief Executive Officer and Co-Chairman; Steve Conine, Co-Founder and Co-Chairman; Michael Fleisher, Chief Financial Officer; and Thomas Netzer, Chief Operating 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 2020. 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 2019, our 10-Q for this quarter 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

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