Wayfair ( W ) shares are trading higher on Monday after reporting second-quarter results.

The e-commerce company reported adjusted earnings per share of 87 cents, beating the street view of 32 cents. Quarterly sales of $3.27 billion (up by 5% year-over-year or Y/Y) outpaced the analyst consensus estimate of $3.12 billion.

Total net revenue, excluding the impact of our exit from the German market, grew 6.0% Y/Y.

Also Read: Wayfair Poised For Q2 Sales Beat On Strong Inventory, Vendor Promotions

U.S. net revenue rose 5.3% Y/Y to $2.9 billion.

International net revenue rose 3.1% Y/Y to $399 million. On a constant currency basis, international revenue grew 2.1% Y/Y.

Gross profit in the quarter under review increased to $984 million, higher than $941 million in the year-ago period.

As of June 30, active customers totaled 21.0 million, a decrease of 4.5% Y/Y. Orders delivered in the quarter were 10.0 million, flat Y/Y.

Average order value was $328 in the quarter, compared to $313 Y/Y.

Adjusted EBITDA in the quarter under review increased to $205 million, higher than $163 million a year ago.

Adjusted EBITDA Margin expanded to 6.3% from 5.2% a year ago.

Cash, cash equivalents, and short-term investments totaled $1.4 billion, and total liquidity was $1.8 billion, including availability under the company’s revolving credit facility.

Wayfair ( W ) CEO Niraj Shah reported that the second quarter delivered strong results, accelerating sales, market share gains, and improved profitability. He highlighted that, excluding Germany, revenue grew 6% Y/Y, Wayfair’s fastest pace since early 2021, while adjusted EBITDA margin exceeded 6%, reflecting significant operating leverage and progress toward long-term financial goals outlined during the company’s investor day. He expressed optimism for continued momentum through 2025 and beyond.

Price Action: Wayfair ( W ) shares are trading higher by 11.9% to $73.00 premarket at last check Monday.

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