25 May 2024, 12:09
By Furniture News Aug 05, 2021

Wayfair reports international revenue growth

Wayfair Inc recorded total net revenue of $3.9b (down -10.4% YoY) in Q2 (ended 30th June, 2021). International net revenues increased by +16.3% YoY to $0.8b.

It recorded a gross profit of $1.1b (29.2% of total net revenue).

“Wayfair delivered $3.9b in net revenue in Q2 — well above pre-pandemic run-rates, even as we began to lap the early heights of Covid-related lockdowns in 2020," says Wayfair's CEO, co-founder and co-chairman, Niraj Shah.

"While the current macro environment is dynamic, the home remains a high priority for our customers and longer-term tailwinds to online category growth are firmly in place. Meaningful adjusted EBITDA and free cash flow in Q2 also reflect strong returns from many years of thoughtful investments behind each facet of our platform model. Even as we navigate any near-term volatility, we remain most focused on the long-term and further reinforcing Wayfair's position as the category leader for home with both customers and suppliers alike.”

The number of active customers reached 31.1 million as of 30th June, 2021 (up +19.6% YoY). Repeat customers placed 75.6% of total orders in Q2, compared to 67.4% in Q2 2020.

Q2 AOV was $278, compared to $227 in Q2 2020.

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