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Add as a preferred source on GoogleWayfair Forecasts High-Single-Digit Q4 Growth and 6% to 7% Adjusted EBITDA Margin
Third-quarter net revenue increased 9.7% year over year, while the U.S. business grew more than 11%.
Wayfair expects high-single-digit growth in the fourth quarter and an adjusted EBITDA margin of 6% to 7% after its net revenue rose 9.7% year over year in Q3.
The U.S. business grew more than 11% during the quarter. CEO Niraj Shah called it the company’s strongest growth quarter of the post-pandemic period.
The outlook follows Wayfair’s third-quarter results.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.