Wayfair (NYSE:W) enjoyed close to ideal operating conditions during the initial months of the COVID-19 pandemic. With consumers flush with cash from federal stimulus payments and eager to shift spending toward online purchases for the home, sales soared through the first two quarters of 2020.
That success helped the home furnishings retailer’s stock more than triple this year, but the rally has also set a high bar for the business performance in the next few quarters. Investors will get an important window into that performance in Wayfair’s Q3 earnings report on Nov. 3.
Let’s dive into the metrics that might determine whether the stock keeps rallying into late 2020.
Investors didn’t have to squint to see evidence of a major growth surge in Wayfair’s last few reports. Sales in the first half of 2020 landed at $6.6 billion, up $2.3 billion — or 54%