Wayfair swung to a third-quarter profit, driven by a surge in U.S. sales and its strongest pace of growth since the pandemic. The online home furnishings retailer reported revenue growth as consumer demand shifted toward domestic markets. The profit turnaround marks a significant recovery from previous quarters of losses, highlighting the company's focus on optimizing its U.S. operations.
Analysts noted the results suggest a stabilizing trend after the volatility seen during the pandemic period.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing