After Doubling, Is There Still Time to Buy Chewy Stock as Sales Soar?
One stock that has quietly been a very strong performer over the past year is Chewy (NYSE: CHWY). Shares of the online pet products retailer rose following the release of its fiscal fourth-quarter results on Wednesday, with the stock up more than 120% over the past year as of this writing.Revenue growth has started to pick up for the company, while gross margins have also ticked up. That's a nice combination for a steady business with strong visibility.Let's dig into Chewy's results and guidance to see if investors should be buying the stock at these levels.Continue reading
One stock that has quietly been a very strong performer over the past year is Chewy (NYSE: CHWY). Shares of the online pet products retailer rose following the release of its fiscal fourth-quarter results on Wednesday, with the stock up more than 120% over the past year as of this writing.
Revenue growth has started to pick up for the company, while gross margins have also ticked up. That's a nice combination for a steady business with strong visibility.
Let's dig into Chewy's results and guidance to see if investors should be buying the stock at these levels.
