The Online Pet Pharmacy Space Is Growing at a Fast Pace and Chewy Is Benefitting. But You'll Never Believe the Other Magnificent Stock That Will Likely Benefit.
Chewy(CHWY) The Motley Fool·2024-11-05 01:00
Many investors have no idea that this huge business is a major player in the pet space.The online pharmacy space for pets is growing at a strong rate and that's good news for Chewy (CHWY 6.34%). The company operates the go-to e-commerce platform for pets. Most investors are likely aware that it generates billions of dollars of sales annually from retail products. But fewer realize that pet health is a big business for Chewy as well.In 2023, Chewy Health was a business worth more than $3 billion, according t ...