The decline hardly registered for most shareholders, as the stock remains higher by over 70% so far in 2019 and over 130% in the past full year.
March's decline likely had something to do with profit taking on Wall Street following the prior month's 51% spike. The home furnishings retailer reported soaring sales growth in late February, but its ongoing lack of profitability leaves the stock's valuation susceptible to large swings.
Wayfair's strength in the industry will be reflected in key growth and profitability metrics in the coming quarters. If these numbers keep improving, as they did in 2018, then investors will know that the competition still hasn't knocked the chain off its stride. In the meantime, management has its sights set on expanding internationally and building an even more robust delivery platform in the U.S. market. Spending on these projects should support further growth but will lead to another year of operating losses.