Wayfair posts 2nd consecutive profitable quarter

BOSTON – Wayfair posted a profit for its second consecutive quarter after the company reported a net income of $173.2 million for the quarter ended Sept. 30, compared with a $272.9 million loss in the prior-year third quarter.

Gross profit for the third quarter came in at $1.1 billion or 29.9% of total net revenue, compared with $540 million in the third quarter of last year. Wayfair also reported diluted earnings per share of $1.67 for the third quarter compared with a net loss of $2.94 for last year’s third quarter.

Total net revenue increased $1.5 billion to $3.8 billion up 66.5% year-over-year. At the end of the third quarter, cash, cash equivalents and short- and long-term investments totaled $2.6 billion.

“Wayfair delivered another quarter of strong operating and financial results in Q3. Category momentum is vibrant, demand is moving online at an accelerated pace, and we expect the home to be even more important than usual when it comes to celebrating the holidays this year,” said Niraj Shah, CEO, co-founder and co-chairman, Wayfair.

“Our long-term mindset and strategic investments are translating to sustained profitability. While today’s unique environment has accentuated these trends, we are confident that there is a

Why Grout Is Just as Important as Tile

What’s under your feet is as important as anything when it comes to home. That’s why this fall, we collaborated with The Home Depot on an A to Z guide that’ll give you the confidence to make flooring choices you’ll love. Check out the A to Z handbook here.

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Tile has one of the biggest personalities of the flooring world—and loves to be the center of attention. It always draws plenty of “oohs!” and “ahhs!” from visitors, whether it’s featured in a splashy entryway or a serene bathroom.

It’s time, though, that these showpieces start sharing the spotlight—and credit!—with their sidekick: grout. The Home Depot is a veritable one-stop shop for tilework, whether you plan to hire a professional or DIY a tile floor (or even a backsplash or shower). Knowing a thing or two about grouting will help you either way.

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The project dictates grout type

Typically sold in just-add-water powder form or pre-mixed, grout is a mixture of cement, sand, and water that fills in the grooves between each tile. It comes in a variety of hues and can significantly change the look of tile, whether by adding a deeper level of contrast (think white subway tile,

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Moon part gardening takes under consideration two intervals of the lunar cycle: the time between the new Moon and the …