$CHWY Stock Update

Chewy took a dive with the rest of the market and has not completely recovered from it yet. We are still up quite a bit from our purchase (37%). Chewy released earnings and gave a surprise profit late March which actually fell back down without much explanation in news.

  • Reported a surprise profit when a loss was expected, revenue up 50.8% y/y
  • New customers acquisitions accelerated last year across the board
  • Autoship sales stayed up high
  • Bump in margins propelled Chewy into profitability

We will continue to hold Chewy as it’s a great value and service.

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