Wayfair reports Q3 adjusted EPS $2.30, consensus 80c and ($2.23) last year

Reports Q3 revenue $3.84B, consensus $3.65B. U.S. net revenue increased $1.3 billion, up 66.5% year over year. International net revenue increased $225.9 million, up 66.7% year over year. International segment Net Revenue Constant Currency Growth was 63.9%. "In the midst of continued uncertainty about the economy and the pandemic, Wayfair delivered another quarter of strong operating and financial results in Q3. Category momentum is vibrant, demand is moving online at an accelerated pace, and we expect the home to be even more important than usual when it comes to celebrating the holidays this year," said Niraj Shah, CEO, co-founder and co-chairman, Wayfair. "Our long-term mindset and strategic investments in merchandising, selection, service and delivery both in North America and in Europe are translating to share gains, sustained profitability, and positive free cash flow generation. While today's unique environment has accentuated these trends, we are confident that there is a long runway for continued strong profitable growth ahead for Wayfair -- well beyond when the current circumstances have passed."