Wayfair stock jumps 30% as retailer posts strongest U.S. growth since 2020

Wayfair reported robust second-quarter results that exceeded Wall Street expectations, driving its stock price up approximately 30%. U.S. sales, the company’s largest market, grew 8.7% to $3.1 billion, marking the strongest performance in that region since 2020. The online furniture retailer also generated $301 million in free cash flow during the quarter, representing its best quarterly result on that metric since the pandemic period.
The company’s overall revenue increased 7.5% to