, Columnist
Wayfair Needs to Prove This Isn't as Good as It Gets
Earnings were encouraging, but questions remain about the online retailer's long-term viability.
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Wayfair Inc.'s latest earnings results show just how much of a disruptor it’s been in the home-furnishings industry.
The company reported Wednesday that its retail net revenue was $1.4 billion, a 48 percent increase over a year earlier. It notched 11.8 million active customers in the quarter, a 33 percent increase over last year. It is a veritable market-share-grabbing machine, and investors rewarded its progress by sending shares up more than 12 percent in early trading.