Today we are going to talk about Wayfair (W)
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Wayfair will report earnings Monday May 9th before the bell.
It has handily beaten earnings the past 3 quarters.
Fun fact: Wayfair was formed in 2002 as CSN Stores.
It was named after the initials of the 2 co-founders, Niraj Shah & Steve Conine
It started in Conine’s nursery at his house.
By 2011, they had over 200 online shops like strollers.com and cookware.com
They consolidated the smaller sites into Wayfair.com
Today Wayfair consists of 5 distinct brands:
* Joss & Main
* All Modern
* Birch Lane
* Dwell Studio
They’e had consistent and steady growth
In 2010 it generated $380 M in revenue.
Over $500 M in 2011
Over $600 M in 2012
Over $900 M in 2013
Over $1.3 B in 2014
Over $2.25 B in 2015
Today over 4,000 weekly 33 puts expiring June 10th were sold
This implies that a trader thinks that the risk of a big decline is limited.
Wayfair closed at $36.06 today
On a side note, our mommy loves to shop at Wayfair.
We’ll be looking for Wayfair to beat estimates Monday morning.
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