cnbc_topnews

Wayfair posts strongest U.S. growth since 2020

📰 source: cnbc_topnews · 💼 business

wayfair reported its strongest u.s. growth since 2020 in the second quarter, with u.s. sales up 8.7% to $3.1 billion. free cash flow hit $301 million, also the best since 2020.

cfo kate gulliver said wayfair is taking market share from brick-and-mortar rivals while the housing market stays 'stalled.' the company beat wall street: adjusted eps 95 cents vs 89 cents expected, revenue $3.52 billion vs $3.47 billion. adjusted ebitda reached $242 million, beating the $230 million estimate. orders delivered hit 10.6 million and active customers 21.7 million, both above forecasts. average order value missed at $332 vs $337.57 expected.

ceo niraj shah highlighted perigold's 35% growth and specialty retail brands up nearly 20%. wayfair posted a small loss of $1 million, versus a $15 million gain a year earlier, as the home goods market stays pressured by tariffs and a sluggish housing market.

why it matters: strongest u.s. growth since 2020 and record free cash flow signal wayfair's market-share gains are translating into profitability.

source: cnbc_topnews
sentiment: +0.60 · impact: 0.40

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