Reassessing Chewy's Position In The Pet Industry (Rating Downgrade)
CHWYChewy(CHWY) Seeking Alpha·2024-08-29 18:47
Martin Barraud/OJO Images via Getty Images Recap We last discussed Chewy (NYSE:CHWY) in December 2023. Within fewer than eight months, the stock has increased by 70% since we issued a buy rating of $17.5. Despite fierce competition, we think Chewy should be able to endure in this harsh environment, and the market's response indicates that the company has probably established itself in the sector.   Stock return (Seeking Alpha) Q2 2024 Performance Margin Improvement The business demonstrated its capabili ...