As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the online retail industry, including Wayfair (NYSE:W) and its peers.
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Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Revolve (NYSE:RVLV) and the best and worst performers in the online retail industry.
Shares of online platform company Coupang (NYSE:CPNG)
jumped 7.3% in the pre-market session after the company reported strong fourth-quarter results that significantly exceeded analysts' expectations for EPS and EBITDA. However, sales fell short of Wall Street's targets, rising 21%, as active customers increased by only 10%, slightly missing expectations.
Looking ahead, the company may face slower growth. Its core Product Commerce unit grew just 9%, lagging behind total revenue gains. This suggests that its newer businesses, including international expansion and fintech, are driving top-line gains while the core e-commerce business matures.
Overall, this was a mixed quarter: Strong earnings and margins offset weaker customer growth and revenue expectations, but investors appear focused on the profitability upside.
All three major indices were green in midday trading Wednesday as the S&P 500 and Nasdaq 100 looked to snap their four-day losing streaks. NVIDIA Corp.
Online platform company Coupang (NYSE:CPNG) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 21.4% year on year to $7.97 billion. Its GAAP profit of $0.08 per share was significantly above analysts’ consensus estimates.
