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Wayfair Ready to Handle Trump Admin Tariffs: CFO Kate Gulliver
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April 3, 2025
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6:42Now PlayingStocks linked to global trade and the health of the economy are sliding after President Donald Trump announced a minimum 10% tariff on all exporters to the US and additional duties on about 60 nations with large trade imbalances with the US.
Wayfair shares slide 11% in premarket trading on Friday, putting the stock on track to extend declines after Citi downgraded the online furniture retailer to neutral from buy. The broker said President Donald Trump’s tariff announcement “created significant exposure” to the supplier base of Wayfair, and sees eBay as better positioned.
Analyst Ygal Arounian still believes Wayfair is well positioned fundamentally long-term, but with the scope of the tariffs coming from “essentially every input market,” he notes uncertainty and risk to revenue is now significantly greater
Arounian continues to believe the company’s management has “done well in controlling what is in its control,” but says macro headwinds are “too much to ignore at this point”
“We see EBAY as a good ecommerce alternative that can benefit from consumers searching for value and WIX & GDDY as the best opportunities within our coverage on share pullbacks”
PT cut to $28 from $58
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