Wayfair Inc. (NYSE:W) Q2 2024 Earnings Conference Call August 1, 2024 8:00 AM ET

Company Participants

James Lamb - Head of Investor Relations
Niraj Shah - Chief Executive Officer, Co-Chairman & Co-Founder
Steve Conine - Co-Chairman & Co-Founder
Kate Gulliver - Chief Financial Officer & Chief Administrative Officer

Conference Call Participants

Christopher Horvers - JPMorgan
Peter Keith - Piper Sandler
Curtis Nagle - Bank of America
Simeon Gutman - Morgan Stanley
Maria Ripps - Canaccord Genuity
Steven Forbes - Guggenheim
Oliver Wintermantel - Evercore ISI

Operator

Thank you for standing by. My name is Rochelle and I will be your conference operator today. At this time, I would like to welcome everyone to the Wayfair Q2 2024 Earnings Release and Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

I would now like to turn the call over to James Lamb, Head of Investor Relations and Treasury. Please go ahead.

James Lamb

Good morning and thank you for joining us. Today, we will review our second quarter 2024 results. With me are Niraj Shah, Co-Founder, Chief Executive Officer and Co-Chairman; Steve Conine, Co-Founder and Co-Chairman; and Kate Gulliver, Chief Financial Officer and Chief Administrative Officer. We will all be available for Q&A following today's prepared remarks.

I would like to remind you that our call today will consist of forward-looking statements, including but not limited to, those regarding our future prospects, business strategies, industry trends and our financial performance, including guidance for the third quarter of 2024. All forward-looking statements made on today's call are based on information available to us as of today's date. We cannot guarantee that any forward-looking statements will be accurate, although we believe that we have been reasonable in our expectations and assumptions. Our 10-K for 2023, our 10-Q for this quarter and our subsequent SEC filings identify certain factors that could cause the company's actual results to differ materially from those projected in any forward-looking statements made today. Except as required by law, we undertake no obligation to publicly update or revise any of these statements, whether as a result of any new information, future events or otherwise.

Also, please note that during this call, we will discuss certain non-GAAP financial measures as we review the company's performance, including adjusted EBITDA and -- adjusted EBITDA margin and free cash flow. These non-GAAP financial measures should not be considered replacements for and should be read together with GAAP results. Please refer to the Investor Relations section of our website to obtain a copy of our earnings release and investor presentation which contain descriptions of our non-GAAP financial measures and reconciliations of non-GAAP measures to the nearest comparable GAAP measures. This call is being recorded and a webcast will be available for replay on our IR website.