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If You'd Invested $1,000 in Chewy Stock 5 Years Ago, Here's How Much You'd Have Today
ChewyChewy(US:CHWY) The Motley Foolยท2024-10-16 10:45

Core Insights - Chewy's stock has shown volatility, but an initial investment of $1,000 in October 2019 would have grown to approximately $1,160 over five years, reflecting a 16% gain [1][3] - In comparison, the S&P 500 index would have turned the same $1,000 investment into over $2,130, representing a return of approximately 113% [3] Company Performance - Chewy's initial public offering (IPO) took place in June 2019, and the stock experienced significant growth in 2020, with a 210% increase due to a surge in pet adoptions during the pandemic [2] - Sales growth has slowed, with a modest increase of 2.6% in the fiscal second quarter ending July 28, but gross margin improved by 1.2 percentage points to 29.5% [4] - The number of active customers decreased slightly to 20 million, but those customers are spending more [4] Future Outlook - The stock is not expected to rise as rapidly as it did in previous years, but there may still be investment opportunities due to the company's focus on profitability [5]