Wayfair Is Still Just a $14 Billion Business
Wayfair (NYSE: W) is hoping to log at least $112 billion of annual sales within the next decade. The management team sees room to hit that ambitious target as more home furnishing shopping moves online and it expands into new international geographies.
But this past year didn't get the company any closer to that goal. Sales fell in 2021, in fact, to $13.7 billion from $14.1 billion in the prior year. The decline wasn't a surprise, considering Wayfair added $5 billion to its sales base in 2022 during the earlier phases of the pandemic. But the weaker growth and profit results have investors wondering whether Wayfair can quickly return to its past glory days.
Let's take a closer look.
Source Fool.com
