Wayfair posts its strongest sales growth since the pandemic; stock jumps 11%

In a sluggish housing market, Wayfair is still selling sofas. The online furniture retailer posted its strongest quarter of sales growth since the pandemic, CNBC reports, with U.S. revenue up 11.4% from a year earlier to about $3 billion. International revenue fell 2.3% to $380 million. Investors liked what they saw: the stock closed about 11% higher on Wednesday. Wayfair has reported consistent growth over the past year, and CFO Kate Gulliver told CNBC the company's momentum is building as it takes market share. When the whole market is flat, winning share is how a company grows — and Wayfair says that is exactly what it is doing.