Wayfair Surges Into Profitability
Investors who've been following along with Wayfair's (NYSE: W) recent reports were expecting some head-turning profit and sales figures in its Q2 announcement. The home furnishings specialist operated under close-to-ideal selling conditions in recent months, after all, with many of its physical store rivals temporarily closed even as consumers found themselves with extra cash to direct toward upgrades around the house.
It wasn't a guarantee that Wayfair could fully capitalize on this moment, though, given historic stresses on its fulfillment network and supply chain. But the company overcame these challenges to post surprisingly strong growth and financial results, almost across the board. Let's take a closer look at where Wayfair got it right during the pandemic-influenced selling months of April, May, and June.
Image source: Getty Images.
Source Fool.com
