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Wayfair and Sherwin-Williams grow amid housing market slump

The Motley Fool +1 · ·by G4L

SHW Sherwin-Williams Co
$349.89 -0.43%
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W W +0.39%
  1. 1Wayfair achieved $3.4 billion in third-quarter revenue, marking a 9.7% year-over-year increase.
  2. 2Sherwin-Williams reported recent quarterly revenue of nearly $6.9 billion, with consolidated revenue growth accelerating for five consecutive quarters.
  3. 3The National Association of Realtors reported an 8.8% year-over-year decrease in existing home sales for October.

So what's the key point?

Wayfair's revenue increased by 9.7 percent compared to last year. This means revenue grew even as home sales declined.

Source The Motley Fool +1 · View original ↗

Related 3-line summaries

Wayfair shares surge 11% on third-quarter earnings beating expectations The Motley Fool · Nov 5Wayfair shares fall 3% in premarket despite strong third-quarter results Investing.com +1 · Nov 5Wayfair Q3 Revenue Grows 9.7% and Order Growth Hits 12.2% The Motley Fool +1 · Nov 5
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