Yes!
Nearly half the sites we work on are Woocommerce sites that are running slowly.
Typically we can have your Woocommerce site loading in under 2 seconds BUT you’ll need to be on moderately good hosting.
If you’re on Bluehost, Godaddy, Hostgator, A Small Orange or any other hosting hosting company owned by EIG you’ll probably need to upgrade to get consistently fast speeds.