According to CNBC, Wayfair said second-quarter U.S. sales rose 8.7% to $3.1 billion, its strongest growth in the market since 2020, while free cash flow reached $301 million, the company’s best level since the pandemic. The online furniture retailer said revenue totaled $3.52 billion, compared with the $3.47 billion expected by analysts surveyed by LSEG, and adjusted earnings were 95 cents per share versus 89 cents expected. Wayfair reported a loss of $1 million, or 1 cent per share, compared with a profit of $15 million, or 11 cents per share, a year earlier.

The company also said adjusted EBITDA came to $242 million, above the $230 million estimate from StreetAccount. Orders delivered reached 10.6 million, topping the 10.3 million estimate, while active customers rose to 21.7 million, above the 21.5 million forecast. Average order value was $332, below the $337.57 estimate. Finance Chief Kate Gulliver said in an interview that Wayfair is gaining share, mainly from traditional brick-and-mortar rivals, as the housing market remains stalled. Chief Executive Niraj Shah said specialty retail brands grew by nearly 20% and Perigold rose by more than 35% in the quarter.