Furniture retailer Wayfair jumps after quarterly earnings beat

Wayfair

04/08/2025 14:57

Updates

** Shares of online furniture retailer Wayfair W.N up as much as 13.2% to a two-year high of $73.79 in early trading

** Posts Q2 net revenue of $3.27 billion, beating analysts' estimate of $3.12 billion, as per data compiled by LSEG

** Wayfair posts Q2 adjusted earnings per share of 87 cents vs estimates of 33 cents per share

** Year-over-year revenue growth of 6% - excluding the impact of (exit from) Germany - marks the highest growth rate we have seen since early 2021, CEO Niraj Shah says

** YTD, shares up about 47% through last close

 (Reporting by Anshi Sancheti in Bengaluru)

 ((Anshi.Sancheti@thomsonreuters.com))