<p>在线家居零售商 <strong>Wayfair</strong>(W -3.70%) 的股票本周在股市中表现不佳。关于公司的消息很少，但美联储决定将明年的降息预测从四次削减调整为两次，这对像 Wayfair 这样的利率敏感股票造成了严重影响。</p>
<p>根据标准普尔全球市场情报的数据，截至东部时间上午 11:59，该股票本周下跌了 15.5%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MDE1OTgvaG9tZS1mdXJuaXNoaW5ncy1zdG9yZS1zaG9wcGluZy5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MDE1OTgvaG9tZS1mdXJuaXNoaW5ncy1zdG9yZS1zaG9wcGluZy5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>Wayfair 发生了什么</h2>
<p>自疫情结束以来，Wayfair 一直面临困境，因为房地产市场疲软，其疫情驱动的激增已经结束。</p>
<p>投资者一直期待房地产市场的复苏来提振股票，但现在看来，这可能需要比预期更长的时间。</p>
<p>在昨天的广泛抛售中，由于美联储对降息预测的改变，Wayfair 的股票下跌了 9.9%，原因也不难理解。高抵押贷款利率抑制了房地产市场，这对像 Wayfair 这样的家居用品公司造成了压力，因为购房通常会带动家具购买。</p>
<p>与许多同行相比，Wayfair 的处境也较为脆弱，因为它在公认会计原则（GAAP）下并不盈利。第三季度净亏损 7400 万美元，收入下降 2% 至 29 亿美元。</p>
<p>面对这样的业绩，业务需要有所改变。</p>
<h2>Wayfair 能否复苏？</h2>
<p>Wayfair 在调整后的息税折旧摊销前利润（EBITDA）基础上是盈利的，公司专注于提高这一数字。</p>
<p>近年来，公司通过裁员和其他措施削减成本，但在没有宏观环境的帮助下，似乎不太可能恢复显著的收入增长。</p>
<p>虽然美联储的预测仅仅是预测，但希望房地产复苏的投资者可能需要耐心等待。</p>

<p>Wayfair 的股票本周下跌了 15.5%，受到美联储降低降息预期的影响，这特别影响了对利率敏感的股票。由于疫情后的疲软住房市场，该公司面临困境，导致一天内股价下跌了 9.9%。Wayfair 在第三季度报告了净亏损和 2% 的收入下降，引发了对其盈利能力的担忧。尽管该公司专注于改善调整后的 EBITDA 并实施了削减成本的措施，但在没有有利的宏观经济条件下，显著的收入增长似乎不太可能</p>

<p>Shares of <strong>Wayfair</strong>(W -3.70%), the online home furnishings retailer, were among the losers on the stock market this week. News on the company itself was minimal, but the Fed's decision to trim its rate-cut forecast for next year -- from four cuts to two -- hit interest-rate-sensitive stocks like Wayfair hard.</p>
<div class="lb-trans"><p>在线家居零售商 <strong>Wayfair</strong>(W -3.70%) 的股票本周在股市中表现不佳。关于公司的消息很少，但美联储决定将明年的降息预测从四次削减调整为两次，这对像 Wayfair 这样的利率敏感股票造成了严重影响。</p>
</div><p>As of 11:59 a.m. ET, the stock was down 15.5% for the week, according to data from S&amp;P Global Market Intelligence.</p>
<div class="lb-trans"><p>根据标准普尔全球市场情报的数据，截至东部时间上午 11:59，该股票本周下跌了 15.5%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MDE1OTgvaG9tZS1mdXJuaXNoaW5ncy1zdG9yZS1zaG9wcGluZy5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F801598%2Fhome-furnishings-store-shopping.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>What's happening with Wayfair</h2>
<div class="lb-trans"><h2>Wayfair 发生了什么</h2>
</div><p>Wayfair has struggled since the end of the pandemic, as the housing market has been weak and its pandemic-driven surge is over.</p>
<div class="lb-trans"><p>自疫情结束以来，Wayfair 一直面临困境，因为房地产市场疲软，其疫情驱动的激增已经结束。</p>
</div><p>Investors have looked forward to a recovery in the housing market to recharge the stock, but it now seems like that's going to take longer than hoped.</p>
<div class="lb-trans"><p>投资者一直期待房地产市场的复苏来提振股票，但现在看来，这可能需要比预期更长的时间。</p>
</div><p>In a broad sell-off yesterday, driven by the Fed's change in its rate-cut forecast, Wayfair stock fell 9.9%, and it's not hard to see why. High mortgage rates have cooled off the housing market, which has weighed on home furnishings companies like Wayfair, as home purchases tend to lead to furniture purchases.</p>
<div class="lb-trans"><p>在昨天的广泛抛售中，由于美联储对降息预测的改变，Wayfair 的股票下跌了 9.9%，原因也不难理解。高抵押贷款利率抑制了房地产市场，这对像 Wayfair 这样的家居用品公司造成了压力，因为购房通常会带动家具购买。</p>
</div><p>Wayfair is also in a weaker position than many of its peers, as it's not profitable on the basis of generally accepted accounting principles (GAAP). It had a net loss of $74 million in the third quarter, and its revenue fell 2% to $2.9 billion.</p>
<div class="lb-trans"><p>与许多同行相比，Wayfair 的处境也较为脆弱，因为它在公认会计原则（GAAP）下并不盈利。第三季度净亏损 7400 万美元，收入下降 2% 至 29 亿美元。</p>
</div><p>With results like that, something in the business needs to change.</p>
<div class="lb-trans"><p>面对这样的业绩，业务需要有所改变。</p>
</div><h2>Can Wayfair recover?</h2>
<div class="lb-trans"><h2>Wayfair 能否复苏？</h2>
</div><p>Wayfair is profitable on the basis of adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), and the company is focused on driving that figure higher.</p>
<div class="lb-trans"><p>Wayfair 在调整后的息税折旧摊销前利润（EBITDA）基础上是盈利的，公司专注于提高这一数字。</p>
</div><p>The company has cut costs through layoffs and other initiatives in recent years, but it seems unlikely to return to significant revenue growth without help from the macro environment.</p>
<div class="lb-trans"><p>近年来，公司通过裁员和其他措施削减成本，但在没有宏观环境的帮助下，似乎不太可能恢复显著的收入增长。</p>
</div><p>While the Fed's forecast is just a forecast, investors hopeful for a housing recovery may have to be patient.</p>
<div class="lb-trans"><p>虽然美联储的预测仅仅是预测，但希望房地产复苏的投资者可能需要耐心等待。</p>
</div>

Why Wayfair Stock Was Slipping This Week

- Wayfair 股价本周下跌 15.5%，受美联储降息预期调整影响。  
- 由于高抵押贷款利率，住房市场疲软，影响了家具销售。  
- 公司第三季度净亏损，需改变业务以实现盈利增长。  

为什么 Wayfair 的股票本周下滑