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00:02Wayfair reported its strongest quarterly sales growth since the pandemic,
00:06as the furniture retailer continued to gain market share, according to CNBC.
00:11Third quarter adjusted earnings came in at 93 cents per share, beating estimates of 79 cents.
00:18Revenue rose 9.7% to $3.42 billion, topping expectations of $3.38 billion.
00:26U.S. sales increased 11.4% to about $3 billion, while international revenue declined 2.3%.
00:35Wayfair reported net income of $62 million, compared with a $99 million loss a year earlier.
00:43Active customers grew 4.7% to $22.2 million, while orders delivered increased 12.2% to nearly $11
00:52million.
00:52CFO Kate Gulliver credited customer loyalty, new stores, luxury furniture,
00:58and an emphasis on value for the company's momentum.
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