Wayfair Inc.: Are The Increasing Mobile App Downloads and Engagement Impacting The Top-Line? 

Wayfair reported a marginal year-over-year decrease in revenue for Q1, around 2%, even as its customer base grew again, signifying the company’s continued momentum. Inventory levels are healthy and Wayfair noted the positive feedback from suppliers who are past the tough phase of facing elevated input costs and transportation prices in late 2022. Suppliers are substantially interested in partnering with Wayfair and featuring their products in promotional events and stores, among others. The company posted its fourth consecutive quarter of positive adjusted EBITDA, signifying the profitability in its business model while setting a steady pace for a 10% plus adjusted EBITDA margin target. Furthermore, the company’s future market share capture stacked up well for even greater success once the category regains stability.