Is Chewy Stock a Buy?

1 min read

The COVID-19 crisis boosted both the pet industry and e-commerce as a whole. Stay-at-home orders made the time-consuming responsibility of owning a pet more feasible for some, and shopping on the internet more appealing for most.

Based on this, Chewy (NYSE: CHWY) — a company operating at the intersection of pet supplies and e-commerce — seems primed to deliver meaningful shareholder returns over the long term. Here’s why Chewy is a strong buy today. 

Image source: Getty Images.

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