Wayfair Posts 9.7% Revenue Growth as U.S. Sales Rise 11.4%

Wayfair’s revenue rose 9.7% year over year to $3.42 billion in the third quarter, its strongest quarterly sales growth since the pandemic, as U.S. revenue climbed by double digits. Net income reached $62 million for the period ended Sept. 30, compared with a loss a year earlier. U.S. revenue increased 11.4% to about $3 billion. International net revenue fell 2.3% to $380 million, tempering the growth from the company’s largest market. Net income was 45 cents per share, compared with a $99 million loss, or 76 cents per share, a year earlier.

Source: TokenPost