Retail

PYMNTS Daily Data Dive: Wayfair’s Q3 Growth

Home furnishings firm Wayfair’s earnings grew 53 percent to $832 million in the third quarter of 2016. Wayfair currently boasts 7.4 million active customers in 2016, up 60 percent year over year. Wayfair has also expanded its warehouse space to 5 million square feet, up from 3 million square feet in the second quarter.

The firm seeks continued growth for holiday-related products. They are leveraging attention brought via its 10-episode season of The Way Home, airing on the Lifetime Channel.

Here are the numbers:

$832 million | Wayfair’s reported Q3 earnings
53 | Percent increase in earnings from the second quarter
7.4 million | Active Wayfair customers in 2016
60% | Year-over-year increase of active Wayfair customers
5 million square feet | Amount of warehouse floor space Wayfair reported in Q3
10 | Number of episodes of Wayfair’s TV series The Way Home

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