Chewy Is Showing It Can Run With the Big Dogs

Showing just how resilient the pet care market is, no matter what the economic conditions are, online pet food and products retailer Chewy (NYSE: CHWY) reported first-quarter results that showed a surprise profit along with a revenue forecast that exceeded analyst expectations.

While other online pet care companies such as Bark continue to reel from a consumer spending pullback, Chewy's results highlight the difference between selling essentials and luxuries in times of turmoil, and why it's running ahead of the pack.

Image source: Getty Images.

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Source Fool.com