Wayfair reports low single digit US sales growth for Cyber Five; Nov trends improve

Wayfair Inc.

U.S. sales for the five-day holiday period increased low single digits vs 2021.
November revenue trends strengthened vs down 10% quarter-to-date prior guidance.
Cyber Five period comped flat for the company; Black Friday was biggest sales day.
Repeat customers accounted for 73% of holiday orders; hundreds of thousands of new customers.
CEO cites sharper prices, cost control, and platform strength for positioning.

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