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Wayfair Seeing Small Tariff Impact
Posted
May 1, 2025
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May 1, 2025
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4:57Now PlayingWayfair’s earnings results came in better than expected as consumers brought forward spending while suppliers are holding back from price increases.
Demand stayed strong in the quarter, co-Chairman Steve Conine said on a call Thursday, adding that the company’s seeing suppliers “actually trying to not raise price or to defer it as long as possible and do the minimum that they would need to do.”
The online furniture retailer reported adjusted earnings per share of 10 cents in a statement, beating the average analyst estimate calling for a loss of 20 cents.
Consumers “likely sought items ahead of anticipated price increases due to tariffs,” according to Bloomberg Intelligence analysts Poonam Goyal and Sydney Goodman.
Globally positioned suppliers could help insulate the company from tariffs. The set up “creates a much more beneficial scenario than if we were a traditional retailer,” Chief Executive Officer Niraj Shah said on the call, clarifying that it won’t benefit from tariffs directly.
The stock, which had lost 32% so far this year as of Wednesday’s close, rose as much as 8.5% intraday in New York.
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