Where Will Chewy Be in 10 Years?
Ten years may seem like a long time, but it's critical for investors to think about what companies could look like a decade, or longer, from now. After all, the value of any business is the present value of all future cash flows.
Chewy (NYSE: CHWY), the leading pure-play online retailer for pet food and supplies in the U.S., is likely to be much bigger and more profitable a decade from now. Here's why.
Chewy is operating in a huge pet market that's expected to continue to grow at an attractive rate. According to the American Pet Products Association (APPA), total spending on pets in the U.S. was $95.7 billion last year and the group estimates it will grow at a 5.1% annual rate through 2024. That suggests the market will grow to $122.7 billion by 2024.
Source Fool.com
