Wayfair Is Set for a Major Earnings Achievement This Quarter

Wayfair (NYSE: W) stock surged following the e-commerce specialist's first-quarter earnings report that revealed soaring sales growth. The home furnishings retailer was enjoying strong demand in January and February, but its expansion pace hit a higher gear as shelter-in-place mandates placed a premium on digital ordering. The leader in its niche won more than its fair share of that extra business, and in a conference call with analysts, Wayfair CEO Niraj Shah and his team credited their competitive advantages for that success.