Reported 11 months ago
Chewy’s stock has shown improved performance recently, reflecting solid earnings and future potential. Investing $10,000 in Chewy three months back would now be worth $12,500, indicating positive momentum. Despite previous stock declines, Chewy's revenue growth, profitability, lack of debt, and strong cash position provide a promising outlook. With over 70% of sales from returning customers through Autoship, there's optimism for continued growth. While past performance may have disappointed, the recent rally and strong earnings suggest a brighter future for Chewy investors.
Source: YAHOO