Wayfair said its third quarter posted its strongest sales growth since the pandemic, with U.S. revenue reaching about $3 billion, up 11.4%, while international net revenue fell 2.3% to $380 million. Total revenue rose 9.7% to $3.42 billion, above the $3.38 billion LSEG analyst estimate, and adjusted earnings per share were 93 cents versus 79 cents expected. The company posted net income of $62 million, or 45 cents per share, compared with a loss of $99 million a year earlier. Active customers grew 4.7% to 22.2 million, and orders delivered rose 12.2% to about 11 million. CFO Kate Gulliver said the company is keeping promotional activity for the holiday quarter similar to last year.
Summary written by Upside AI from the original article. Read the source for full details.
Keywords
Open a keyword to see other news on the same topic.
Related news
- Buy 3 Online Retailers Ahead of Expected Strong Holiday Sales in 2026
The U.S. holiday shopping season is about to begin and is expected to be very strong, and the article highlights three online retail stocks with a Zacks Rank #2 (Buy): Amazon.com (AMZN), Wayfair (W) and Groupon (GRPN). Mastercard projects U.S. retail sales (excluding automobiles and gas) during the holiday period to rise 5.5% year over year, the highest growth since 2021, with online sales up 11%. Deloitte estimates holiday sales growth of 4–4.8%, while Ernst & Young-Parthenon forecasts a 5.2% increase to $1.08 trillion from $1.03 trillion in 2025. In Q2 2026, Amazon's AWS sales rose 37% to $42.2 billion and advertising revenue rose 26% to $19.8 billion, while Wayfair's mobile share of second-quarter orders reached 64.1% and revenue per active customer grew 4.2%. Zacks consensus for 2026 projects revenue of $829.29 billion and EPS of $13.02 for Amazon, and $13.37 billion and $2.99 for Wayfair; for Groupon, the article says recovery still depends on execution.
- Shopify falls 9% after Q3 revenue and merchandise volume miss estimates
Shopify shares fell 9% in early trading on Tuesday after the e-commerce platform missed estimates for subscription gross profit and gross merchandise volume (GMV). Adjusted earnings of 49 cents per share beat LSEG's 46 cents, but quarterly revenue of $3.74 billion came in just below the $3.75 billion estimate. GMV of $119.15 billion trailed StreetAccount's $120.03 billion, and subscription gross profit of $661 million fell short of $680.3 million, while subscription revenue of $836 million missed $848.1 million per FactSet. Merchant gross profit and merchant revenue beat estimates. Shopify expects fourth-quarter revenue growth in the “low thirties” percent range, versus LSEG's 32.1%.
- MercadoLibre and Dutch Bros Have Fallen More Than 30% From Their Record Highs. Here's Why Both Are Worth Buying Now.
MercadoLibre and Dutch Bros are 37% and 49% below their record highs, respectively, even as the S&P 500 hits new peaks. MercadoLibre posted 50% revenue growth in Q2, but profitability has declined for two straight quarters as management invests to grow. Dutch Bros had 1,225 stores at the end of Q2 and aims to reach 2,029 by 2029, with Q2 revenue up 32% and same-store sales up 5.8%. Its shares fell after the market reacted poorly to its August guidance, rising coffee bean costs, and the end of its bid for a restaurant chain that would have added 65 stores. The author views both as worth buying on the dip.
- Shopify Stock Falls as Slowing Merchandise Sales Flash a Warning Sign
- Amazon brings its own low-priced Thanksgiving meal deal to the table
Most grocers' holiday meal bundles cost under $40, but Amazon is promoting its grocery business with a $25 Thanksgiving meal offering. The e-commerce company is using the offer to promote its grocery business during the holiday season.
- Shopify Stock Plunges. Slowing Merchandise Sales Flash a Warning Sign.
Related markets
Latest news
- Why tech earnings are facing an unprecedented high bar
Piper Sandler chief investment strategist Michael Kantrowitz says expectations for tech earnings are at an unprecedented high bar. Although the AI businesses of Mag 7 companies performed strongly, core businesses such as AWS, Google Cloud, Amazon's e-commerce and Google's search weakened, which spooked investors. The consensus five-year earnings growth forecast for the tech sector is 43%, versus about 25% in 2000 and about 20% a year ago. Market multiples have fallen from 23 to just below 19, partly reflecting AI capex and concern that growth may have peaked, so many companies' earnings may not be sustainable. Among higher-beta, cyclical names, the strategist says companies that are currently profitable and generate strong free cash flow are preferred.
- AI Faces A Higher Hurdle, Not An Extinction Event After Democrats' Midterm Sweep, Says Saxo Strategist
Democrats won control of both the House and Senate, which could limit President Donald Trump's legislative agenda over his remaining two years and add uncertainty for AI and tech stocks, according to Saxo. Chief Investment Strategist Charu Chanana flagged three risks: greater congressional oversight of AI companies, data-center restrictions over electricity, water use and permits, and uncertainty over capital spending. Investors may demand more on the funding and profitability of AI infrastructure, shifting attention toward companies showing meaningful returns. Saxo suggested that firms using AI to boost productivity without heavy infrastructure spending could attract more interest, and that Nvidia's (NVDA) upcoming earnings would be a more meaningful test of the AI outlook than the election itself.
- Buy, Sell, or Hold? Wednesday’s Top Upgrades and Downgrades: Adobe, Apple, Duolingo, Exxon Mobil, Fiserv, Fortinet, Gartner, Lockheed Martin, Skyworks Solutions, Visa and More
Wall Street analysts changed ratings on several major stocks on Wednesday, November 4, 2026. Constellation Brands (STZ) was raised to Neutral from Underperform at Bank of America, with its target price lifted to $160 from $120, while Duolingo (DUOL) was upgraded to Equal Weight from Underweight at Wells Fargo with a target of $120 from $80. On the downside, Adobe (ADBE) was cut to Sell from Neutral at Citigroup, which lowered its target to $207 from $250, and Apple (AAPL) was downgraded to Hold from Buy at DZ Bank with a $300 target. The article also reports that on Tuesday the Nasdaq closed up 0.83% at 25,372 and the S&P 500 rose 0.36% to 7,568, while the Dow fell 0.38% to 51,786, weighed down by Apple.
- Tech Sell-Off: 2 Growth Stocks Investors Might Regret Not Buying on the Dip
The Nasdaq-100 was down 9% from its peak as of last Friday's close, as investors grew concerned about whether the AI spending boom can last, weighing on chip makers such as Nvidia and Micron Technology. The author argues that the broader market has always recovered to new highs over the long term, and highlights two growth stocks. Zscaler (ZS) is presented as a pioneer of the zero trust cybersecurity architecture, with fiscal 2026 revenue up 25% to $3.35 billion and a price-to-sales ratio of 11.3. Meta Platforms (META) is described as using AI to boost engagement across its apps, with its Muse personal AI agent reaching over 10 million users, and its stock trades at a price-to-earnings ratio of 20.9 versus 29.9 for the Nasdaq-100 after falling 20% from its peak.
- USDC Issuer Circle Quietly Cuts 5% of Staff in Profitable Quarter
Circle, the issuer of the USDC stablecoin, cut about 5% of its workforce to better align its organization with its operating model and strategic priorities, according to its Q3 results. It booked $9.1 million in restructuring charges, mostly severance and notice-period payments, even as net income from continuing operations rose 5% to $226 million. Much of the growth came from outside its core business, including $182 million from the presale of ARC tokens, while reserve income fell 8% to $658 million as reserve interest rates declined. The article notes Circle is one of several crypto firms, including Coinbase, BitGo and the Ethereum Foundation, that have cut staff this year.
- Nvidia Took Back the World’s Biggest Company Title From Apple on Election Day
Nvidia rose 2.29% to $206.69 on Tuesday, giving it a market value of $4.99 trillion and returning it to the top spot ahead of Apple, which fell 1.90% to $331.90 for a $4.84 trillion valuation. Nvidia’s lead is about $149 billion, well ahead of Microsoft at $3.87 trillion and Alphabet at $3.44 trillion. The article links rising AI-driven memory prices to Apple’s margins, which Apple guided to 45% to 46% for the December quarter, versus 47.9% in the quarter just reported, with roughly one point of that quarter’s margin from tariff refunds that will not recur. Nvidia guided fiscal third-quarter revenue to $108 billion, plus or minus 2%, and reports on November 17.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.