Wayfair revenue skyrockets 7.5% to $3.52 billion

• Wayfair reported second-quarter revenue of $3.52 billion, up 7.5% year over year.
• Adjusted EPS reached $0.95, while Wayfair shares rose 5.3% in premarket trading.
• The company is expanding its physical-store network while active customers and order volumes increase.

Wayfair (NYSE:W) reported second-quarter net revenue of $3.52 billion, up 7.5%, as U.S. revenue increased 8.7% to $3.13 billion.

Revenue exceeded the $3.47 billion analyst estimate, while adjusted EPS of $0.95 topped the $0.90 consensus forecast.

Operating income rose to $104 million from $17 million, while free cash flow reached $301 million and adjusted EBITDA totalled $242 million.

Following the announcement, Wayfair's share price was up 5.3% at $89.31 in premarket trading.

Meanwhile, active customers increased 3.3% to 21.7 million, orders delivered rose 6% to 10.6 million and average order value reached $332.

Wayfair is also expanding physical retail through planned stores in Pittsburgh and Princeton, alongside existing and previously announced locations across the United States.