Here's What to Watch When Shopify Reports Earnings on Wednesday
Shopify (NYSE: SHOP) is slated to report its second quarter results before markets open on Wednesday, July 29. The coronavirus pandemic is causing many brick-and-mortar businesses to make dramatic changes if they want to survive. State mandates to close physical stores, along with stay-at-home orders, made it necessary to connect with customers online. Enter Shopify, which helps merchants use the company's software to run their businesses and mobile storefronts.
The shift from brick-and-mortar to e-commerce is a long-running trend -- the pandemic just accelerated the transition. Given these factors, the overall outlook for Shopify's earnings release is positive. Here's what investors should be looking out for when the company reports.
Shopify is growing revenue double-digits. Images source: Getty images.
Source Fool.com
