Wayfair continued to face declines in the third quarter, reporting on Thursday that net revenue fell 9% year over year to $2.8 billion. The retailer’s U.S. revenue fell 6% from last year to $2.4 billion, while international revenue declined 24% to $400 million.
As of Sept. 30, the online home retailer had 22.6 million active customers, down 22.6% from the year-ago period, according to a company press release. From Q2, Wayfair’s active customer base shrunk by 1 million, or more than 4%.
Wayfair’s operating loss in the period swelled to $372 million from $70 million last year, while net loss grew to $283 million from $78 million. Gross profit was $824 million, or 29% of total net revenue, from $883 million last year.Retail Dive