Wayfair reported a reduction in Q1 losses to $248 million from $355 million a year earlier, alongside a slight decline in overall sales by 1.6% to $2.73 billion, beating estimates by $0.09 billion. U.S. sales decreased by 1.0%, but active customers grew by 2.8%. Over the past 12 months, Wayfair accumulated losses of $684 million. The company's stock surged by up to 19.1% following the earnings report. Additionally, Wayfair projected its Q2 sales to be flat to slightly positive, against estimates of a 2% decline.