Chewy Reported Nearly $3 Billion in Revenue Last Quarter. But This 1 Thing Is Limiting Profit.

Cost of goods sold includes all the expenses involved in producing the items Chewy sells. This means that to maintain and increase profitability, Chewy must focus on increasing the number of items it sells and keeping its costs down. So far, it has managed to do this, and two points give us reason to be confident this will continue. Chewy has one enormous expense. Chewy's (CHWY -0.14%) revenue has soared over the past few years, thanks to the e-commerce company's popularity with pet parents. The company sel ...