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Why did Wayfair shares rise so much in a single day In a word, earnings. But there a bit more nuance to understand, so let talk about the company Q1 earnings report and what it can tell us about consumer spending trends in the COVID-19 era, because they just might impact a startup or two.Q1 resultsWe ;ll start with the basics: Wayfair reported Q1 revenue of $2.33 billion, up 19.8% from $1.94 billion in the year-ago quarter. The company gross profit rose a sharper 23.1% to $579.1 million, boosting Wayfair gross margins in the first quarter of this year.The rest of Wayfair income statement is less attractive. T <a href=https://www.mizunos.de>mizuno wave rider 26</a> he company operating costs, including customer serv <a href=https://www.adidascampus.us>adidas campus sneakers</a> ice, merchant fees, advertising and a bucket of costs it calls & 8220 elling, operations, technology, general and administrative, came to $841.2 million. That figure is far lar <a href=https://www.nbbalance.com.de>new balance 990</a> ger than reported gross profit, meaning that Wayfair losses for the period were