Wayfair Inc. (W)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of investors of Wayfair Inc. (“Wayfair” or “the Company”) (NYSE: W). Wayfair investors are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Wayfair violated federal securities laws.
On February 23, 2023, Wayfair issued a press release reporting its financial results for the fourth quarter and full year ended December 31, 2022. Among other items, Wayfair reported a 4.6% year-over-year decline in revenue for the quarter, for a net loss of $351 million. The Company reported that it ended 2022 with 22.1 million active customers, representing a loss of approximately 5 million customers during the year. On this news, Wayfair’s stock price fell $11.48 per share, or 23.05%, to close at $38.33 per share on February 23, 2023.
If you are aware of any facts relating to this investigation or purchased Wayfair shares, you can assist this investigation by contacting the firm. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.