5 Reasons to Buy Chewy Stock Hand Over Fist
Chewy(CHWY) The Motley Fool·2024-06-25 00:07
Don't let Chewy's recent share price increase scare you away from a long-term investment in an industry leader. However, even after growing its net profit margin from negative 9% in 2018 to 2.3% in its last quarter, Chewy could still be in the early stages of its margin expansion with a focus on higher-margin businesses. Here are five reasons Chewy could see its profitability continue to move higher for years to come, making it an excellent stock to buy hand over fist. The company has built a $3 billion pet ...