Wayfair Inc. (W) Q2 2025 Earnings Call Transcript


Wayfair Inc. (NYSE:W) Q2 2025 Earnings Conference Call August 4, 2025 8:00 AM ET

Company Participants

Kate Gulliver – CFO & Chief Administrative Officer
Niraj S. Shah – Co-Founder, Co-Chairman & CEO
Ryan Barney – Corporate Participant

Conference Call Participants

Brian William Nagel – Oppenheimer & Co. Inc., Research Division
Christopher Michael Horvers – JPMorgan Chase & Co, Research Division
David Leonard Bellinger – Mizuho Securities USA LLC, Research Division
Jonathan Richard Matuszewski – Jefferies LLC, Research Division
Oliver Wintermantel – Evercore ISI Institutional Equities, Research Division
Pedro Gil Garcia Alejo – Morgan Stanley, Research Division
Peter Jacob Keith – Piper Sandler & Co., Research Division

Operator

Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today. At this time, I would like to welcome everyone to the Wayfair Second Quarter 2025 Earnings Release Conference Call. [Operator Instructions]

I would now like to turn the conference over to Ryan Barney, Head of Investor Relations. Ryan, you may begin.

Ryan Barney

Good morning, and thank you for joining us. Today, we will review our second quarter 2025 results. With me are Niraj Shah, Co- Founder, Chief Executive Officer and Co-Chairman; Steve Conine, Co-Founder and Co-Chairman; and Kate Gulliver, Chief Financial Officer and Chief Administrative Officer. We will all be available for Q&A following today’s prepared remarks.

I would like to remind you that our call today will consist of forward-looking statements, including, but not limited to, those regarding our future prospects, business strategies, industry trends and our financial performance, including guidance for the third quarter of 2025. All forward-looking statements made on today’s call are based on information available to us as of today’s date.

We cannot guarantee that any forward-looking statements will be accurate, although we believe that we have been



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