Wayfair (NYSE:W) will report its Q1/23 earnings on May 4. RBC Capital analysts shared their outlook, expecting a net sales decline of 9% year-over-year (in-line with Street estimates) and EBITDA of ($74) million, compared to the Street estimate of ($78) million.
The analysts estimate Q1 active customers of 21.8 million, down 1.1% quarter-over-quarter, which would mark the 8th straight quarter of sequential declines.
The analysts said they will be paying particular attention to (1) how Q2-to-date gross sales are trending relative to the implied Q1 exit rate, and (2) if management makes a firmer commitment to the timing of profitability.