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August 10, 2020
Despite the pandemic and all its restrictions, Wayfair fulfilled nearly 19 million orders in the second quarter, a 106 percent increase from the same quarter a year ago. The company also turned a profit for the first time since going public in 2014. Market Watch columnist Dennis Scully explores whether the company’s success is a flash in the pan or the starting point for long-term growth.
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July 29, 2020
Unlike many furniture brands, Knoll has not benefited from the work-from-home rally that sent some shares skyrocketing. What’s next for the office furniture behemoth (parent company of trade brands like Holly Hunt and Edelman Leather)? Dennis Scully dialed into the company’s latest earnings call to find out.
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May 12, 2020
In March, shares of Wayfair had fallen to a five-year low. Then the coronavirus decimated brick-and-mortar competition, and the online furniture retailer’s stock price has hit an all-time high. But can Wayfair turn a profit?
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March 2, 2020
Last week, the stock market saw the biggest weekly selloff since the financial crisis in 2008. The S&P 500 index had fallen by nearly 12 percent—and shares of many home-related companies fared far worse. Dennis Scully explains what the market fluctuations mean and explores what might come next.
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January 15, 2020
Last year was great for the stock market in general, and home retailers in particular. But it’s a new year, and with January earnings starting to come in, it’s a good time to take a look at what lies ahead for companies like Williams Sonoma, RH and Pier 1.
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December 6, 2019
On Wednesday, shortly after the market closed for trading, RH reported earnings results for the third quarter. The numbers were strong—and so was the market’s response. Market Watch columnist Dennis Scully unpacks why traders, after years of shorting the company’s stock, find themselves chasing RH shares to record highs.
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November 4, 2019
Wayfair’s third-quarter results revealed a widening gap between revenue growth and operational losses, leading to the company’s fifth significant share drop since 2014. With an accumulated deficit of more than $1.7 billion, Wayfair’s path to profitability looks increasingly obscure.
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September 16, 2019
Following positive earnings news—adjusted earnings came in at $3.20 a share, up 59 percent from last year, on revenue of nearly $707 million for the quarter—and a stock price that had nearly doubled in the past three months, RH chairman and CEO Gary Friedman was ebullient as he treated the team of Wall Street analysts who cover the company to a post-earnings conference call that spanned nearly two hours.
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June 17, 2019
Heading into last week’s earnings announcement, RH shareholders had every reason to be nervous. But after reporting stronger than expected results, the company’s shares jumped by over 20 percent in after-hours trading. On the earnings call with investors, RH chairman and CEO Gary Friedman also spoke of how the business he is building will be centered around global expansion and the opportunity to capitalize on the company’s in-house interior design firm.
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