<p>在線家居零售商 <strong>Wayfair</strong>(W -3.70%) 的股票本週在股市中表現不佳。關於公司的消息很少，但美聯儲決定將明年的降息預測從四次削減調整為兩次，這對像 Wayfair 這樣的利率敏感股票造成了嚴重影響。</p>
<p>根據標準普爾全球市場情報的數據，截至東部時間上午 11:59，該股票本週下跌了 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>圖片來源：Getty Images。</p>
<h2>Wayfair 發生了什麼</h2>
<p>自疫情結束以來，Wayfair 一直面臨困境，因為房地產市場疲軟，其疫情驅動的激增已經結束。</p>
<p>投資者一直期待房地產市場的復甦來提振股票，但現在看來，這可能需要比預期更長的時間。</p>
<p>在昨天的廣泛拋售中，由於美聯儲對降息預測的改變，Wayfair 的股票下跌了 9.9%，原因也不難理解。高抵押貸款利率抑制了房地產市場，這對像 Wayfair 這樣的家居用品公司造成了壓力，因為購房通常會帶動傢俱購買。</p>
<p>與許多同行相比，Wayfair 的處境也較為脆弱，因為它在公認會計原則（GAAP）下並不盈利。第三季度淨虧損 7400 萬美元，收入下降 2% 至 29 億美元。</p>
<p>面對這樣的業績，業務需要有所改變。</p>
<h2>Wayfair 能否復甦？</h2>
<p>Wayfair 在調整後的息税折舊攤銷前利潤（EBITDA）基礎上是盈利的，公司專注於提高這一數字。</p>
<p>近年來，公司通過裁員和其他措施削減成本，但在沒有宏觀環境的幫助下，似乎不太可能恢復顯著的收入增長。</p>
<p>雖然美聯儲的預測僅僅是預測，但希望房地產復甦的投資者可能需要耐心等待。</p>

<p>Wayfair 的股票本週下跌了 15.5%，受到美聯儲降低降息預期的影響，這特別影響了對利率敏感的股票。由於疫情後的疲軟住房市場，該公司面臨困境，導致一天內股價下跌了 9.9%。Wayfair 在第三季度報告了淨虧損和 2% 的收入下降，引發了對其盈利能力的擔憂。儘管該公司專注於改善調整後的 EBITDA 並實施了削減成本的措施，但在沒有有利的宏觀經濟條件下，顯著的收入增長似乎不太可能</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>在線家居零售商 <strong>Wayfair</strong>(W -3.70%) 的股票本週在股市中表現不佳。關於公司的消息很少，但美聯儲決定將明年的降息預測從四次削減調整為兩次，這對像 Wayfair 這樣的利率敏感股票造成了嚴重影響。</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>根據標準普爾全球市場情報的數據，截至東部時間上午 11:59，該股票本週下跌了 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>圖片來源：Getty Images。</p>
</div><h2>What's happening with Wayfair</h2>
<div class="lb-trans"><h2>Wayfair 發生了什麼</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>自疫情結束以來，Wayfair 一直面臨困境，因為房地產市場疲軟，其疫情驅動的激增已經結束。</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>投資者一直期待房地產市場的復甦來提振股票，但現在看來，這可能需要比預期更長的時間。</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>在昨天的廣泛拋售中，由於美聯儲對降息預測的改變，Wayfair 的股票下跌了 9.9%，原因也不難理解。高抵押貸款利率抑制了房地產市場，這對像 Wayfair 這樣的家居用品公司造成了壓力，因為購房通常會帶動傢俱購買。</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>與許多同行相比，Wayfair 的處境也較為脆弱，因為它在公認會計原則（GAAP）下並不盈利。第三季度淨虧損 7400 萬美元，收入下降 2% 至 29 億美元。</p>
</div><p>With results like that, something in the business needs to change.</p>
<div class="lb-trans"><p>面對這樣的業績，業務需要有所改變。</p>
</div><h2>Can Wayfair recover?</h2>
<div class="lb-trans"><h2>Wayfair 能否復甦？</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 在調整後的息税折舊攤銷前利潤（EBITDA）基礎上是盈利的，公司專注於提高這一數字。</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>近年來，公司通過裁員和其他措施削減成本，但在沒有宏觀環境的幫助下，似乎不太可能恢復顯著的收入增長。</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>雖然美聯儲的預測僅僅是預測，但希望房地產復甦的投資者可能需要耐心等待。</p>
</div>

Why Wayfair Stock Was Slipping This Week

- Wayfair 股價本週下跌 15.5%，受美聯儲降息預期調整影響。  
- 由於高抵押貸款利率，住房市場疲軟，影響了傢俱銷售。  
- 公司第三季度淨虧損，需改變業務以實現盈利增長。  

為什麼 Wayfair 的股票本週下滑