Wayfair shares rose to their highest level since April 2022, after the e-commerce home furnishing retailer reported third quarter results that easily topped expectations. On the earnings call, management gave guidance for the current quarter that also topped consensus estimates, and spent much of the call discussing its efforts to leverage artificial intelligence technology.
Kate Gulliver, Wayfair's CFO and CAO, discusses her company's long-term prospects for increasing its share of the $500 billion home-goods market with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.