Wayfair Inc. has made it to S&P Global Market Intelligence’s list of “Most Vulnerable Public American Retailers” despite recently reporting that it served millions of new customers and saw sales skyrocket in the most recent quarter.
As of August 14, S&P puts Wayfair’s W, +1.32% one-year probability of default at 18.6%, and two-year probability of default at 24%.
Earlier this month, Wayfair reported an 84% rise in second-quarter revenue, and adjusted earnings per share of $3.13 after a loss of $1.35 last year. The e-commerce home goods retailer said it served five million new customers in the quarter.
