Wayfair on Wednesday said it posted its strongest quarter of sales growth since the pandemic as the furniture retailer continues to win over customers and take market share.
The company said it saw double-digit revenue growth in the U.S., reaching about $3 billion, an 11.4% increase from the year prior. Still, international net revenue for the quarter decreased 2.3% year over year to $380 million.
The report comes as the housing market remains sluggish. But the furniture and home goods retailer has reported consistent growth over the past year. CFO Kate Gulliver told CNBC that Wayfair’s momentum is building as it takes market share.
“We see the overall consumer in the U.S. in this category, we think it’s roughly flattish, and so that’s our [market] share momentum continuing to build,” Gulliver said.
She added that shopper loyalty, the opening of new stores, the company’s luxury furniture business and an emphasis on value has allowed…
