Chewy Stock Has a Lot to Prove This Week
The leading online retailer heads into a critical update with a scorching hot stock.
It's time to see if Chewy (NYSE: CHWY) shareholders will be given a treat for a job well done. The popular online retailer of pet supplies and other essentials reports its fiscal first-quarter results on Wednesday morning. There are a lot of mixed signals out there in the world of pet stocks.
Brick-and-mortar retailer Petco Health & Wellness saw its stock plummet 23% on Friday after offering up a disappointing financial report. The stock has shed nearly 85% of its value over the past year. Chewy's momentum is marching to a more upbeat drum. The shares may be just shy of where they were five years ago, but the e-tailer's stock has more than doubled over the past year.
Unlike Petco, expectations are high for Chewy this week. Let's take a closer took at what investors should expect heading into this telltale quarterly update.
