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Wayfair posts record orders, expands store footprint and gets credit upgrade

Wayfair logoWayfair
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Wayfair reported banner quarterly results, with new orders at a post-COVID high and second-quarter net revenue up 7.5% to $3.5 billion. U.S. sales rose 8.7% to $3.1 billion, while the company posted a $1 million net loss versus $15 million net income a year earlier. Wayfair plans another Pittsburgh store, expanding its footprint, and S&P Global Ratings upgraded its credit outlook based on strengthening metrics and discipline.

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