Chewy, Inc. Results Provide Ample Reason to Buy the Stock

Key Points Chewy, Inc. NYSE: CHWY defied expectations and produced a solid Q1 that suggests momentum, continued strength, and rapidly improving shareholder value in the year's second half. Although growth has slowed, performance is better than expected, compounded by significant margin improvement. The margin improvement is the most notable detail, as it led the board to authorize a share repurchase program. Chewy, Inc.'s share repurchase program is worth $500 million without expiration. The sum is worth ab ...