3 Things to Watch When Shopify Updates Investors Next Week
Shopify (NYSE: SHOP) is scheduled to report fiscal 2022 second-quarter earnings on July 27. The e-commerce enabler is experiencing slower sales growth as people shift spending toward away-from-home experiences like restaurants, travel, and theme parks.
Still, investors will want to hear about how the acquisition of Deliverr is helping expand Shopify's fulfillment network. Additionally, those interested in Shopify will want to know if management is sticking with its investment plans despite changing consumer behavior.
Shopify thrived at the pandemic's onset when governments mandated non-essential businesses to close. That forced consumers online; if merchants wanted to make sales, they needed an online presence. Shopify makes money from entrepreneurs who sign up for a monthly subscription to its online services, and it makes money by taking a percentage of sales transacted on its platform.
Source Fool.com
