=Wayfair (W) reported earnings on Thur 23 Feb 17 (b/o)

• W  #1, 37 on Wed 2/22/17

Wayfair beats by $0.16, reports revs in-line; guides on the call :

• Reports Q4 (Dec) loss of $0.34 per share, excluding non-recurring items, $0.16 better than the Capital IQ Consensus of ($0.50); revenues rose 33.1% year/year to $984.6 mln vs the $975.32 mln Capital IQ Consensus. 
• Gross profit was $238.6 million or 24.2% of total net revenue; Adjusted EBITDA was $(12.0) million or (1.2)% of total net revenue.
• The number of active customers in our Direct Retail business reached 8.3 million as of December 31, 2016, an increase of 53.9% year over year
• LTM net revenue per active customer was $395 as of December 31, 2016, an increase of 3.7% year over year
• Orders per customer, measured as LTM orders divided by active customers, was 1.70 for the fourth quarter, down from 1.71 year over year
• Repeat customers placed 58.0% of total orders in the fourth quarter of 2016, compared to 54.3% in the fourth quarter of 2015
• Repeat customers placed 2.7 million orders in the fourth quarter of 2016, an increase of 63.1% year over year
• Orders delivered in the fourth quarter of 2016 were 4.7 million, an increase of 52.8% year over year.