Immediately following the release of Wayfair (NYSE: W) earnings on Tuesday, shares traded down by as much as 9%. But a more careful look at Wayfair's performance shows a company that is still growing at a breakneck pace. While profitability is still a faraway concept for the company, it is doing all it can right now to win market share as customers show that buying furniture and home decor online is not a fad. Image source: Wayfair Wayfair earnings: The raw numbers Before getting into the nuts and bolts of what made this a particularly strong quarter, let's review the headline numbers for the company. Metric Q2 2016 Q2 2017 Change Revenue $787 million $1,123 million 43% EPS ($0.54) ($0.26) Loss narrowed by 52% FCF ($20 million) ($27.2 million) Loss widened by 36% EPS = earnings per share. FCF = free cash flow. Source: Wayfair . EPS represents non-GAAP (adjusted) figures. As with many companies that are trying desperately to grab market share away from both established brick-and-mortar players and the 800-pound gorilla in the room -- Amazon.com -- profitability is still a far-off goal for Wayfair. Analysts don't expect the company to be out of the red until fiscal 2018. And even then, it's only expected to bring in $0.41 per year. That being said, the company is gaining traction. While revenue was up 43% for the year, operating expenses jumped just 30% -- accounting for the significantly narrowed loss in EPS. At the same time, it's clear that Wayfair's brand is gaining strength. Of all the orders placed during the second quarter, repeat customers accounted for 61%. Clearly, there's a reason these customers are coming back. The company reported 9.5 million active customers, up 43% year over year. If we look at key metrics for the company, trends continue to be positive. Growth at WayfairInfogram What else happened during the quarter? There were a number of other important developments in the quarter. Management announced that the company now has 7 million square feet of storage space, up from 1 million just 18 months ago. Because of this, delivery of small packages is down to 2 days in major metropolitan focus cities, and 14 days for large packages. Revenue from international operations in Canada, the U.K. and Germany was up 136% to $126 million -- or about 11% of sales. The company released an augmented reality app that allows customers to have as close to an in-store experience as possible from a smartphone. Taking all of these things into consideration, CEO and co-founder Niraj Shah said, "As consumers increasingly embrace the selection and convenience of shopping online instead of in physical brick and mortar stores, we are taking advantage of that shift and capturing market share by offering a truly differentiated, customer-centric shopping experience." Looking ahead During the conference call, management said that direct retail revenue was growing above 40% year-over-year in the current quarter. For the quarter, the midpoint of guidance calls for $1.17 billion in sales, which represents a 36% jump. Direct retail revenue in the United States is expected to grow at a midpoint of 38.5% while international sales are expected to jump 90%. 10 stocks we like better than WayfairWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Wayfair wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of August 1, 2017Brian Stoffel owns shares of AMZN. The Motley Fool owns shares of and recommends AMZN and W. The Motley Fool has a disclosure policy.