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Wayfair’s first-ever brick-and-mortar store.

Wayfair soars after posting strongest revenue growth since 2021

The home goods giant delivered a surprise profit surge, even as customer counts dipped.

Nia Warfield

Wayfair shares jumped over 10% after the online home retailer delivered a massive Q2 earnings beat and its best revenue growth, even amid a shaky housing market.

Adjusted earnings per share came in at $0.87, soaring ahead of Wall Street’s expectations of $0.33. Revenue also outperformed, hitting $3.27 billion versus the $3.12 billion expected by analysts polled by FactSet.

Excluding the impact of an exit from Germany, sales rose 6% from a year ago — the company’s highest growth rate since early 2021.

While the company didn’t give full-year guidance, execs say Wayfair is finally seeing its long-term investments pay off, with CEO Niraj Shah citing “accelerating sales and share gain” and calling the second quarter a “resounding success.”

Active customers fell 4.5% to 21 million, but revenue per customer rose nearly 6% to $572. Average order value climbed to $328, up from $313 last year, with repeat buyers making up over 80% of orders.

Wayfair shares are now up 50% year to date.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

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  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

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