Wayfair Obliterates Earnings Forecasts as Active Customers Surge to 26 Million
Wayfair (NYSE: W) earnings rocketed well beyond Wall Street's forecasts as consumers turned to the online retail in droves during the coronavirus pandemic, generating "unprecedented demand" for its products.
With most physical retail stores closed and Amazon.com having prioritized fast shipping only for essential goods early on during the crisis, Wayfair saw the number of active customers grow 46% to 26 million compared to last year.
Image source: Getty Images.
Source Fool.com
