Shares of Wayfair were climbing toward the highest prices seen in more than year after earnings beat expectations.

Wayfair posted its best quarter since the pandemic-era furniture boom, continuing to buck the category’s weak performance. The online furniture retailer’s second-quarter net revenue rose 5% from a year ago,

What Happened? Shares of online home goods retailer Wayfair (NYSE:W) jumped 11.9% in the afternoon session after the company reported strong second-quarter financial results that surpassed analyst expectations for both sales and profit.