Chewy Sees Demand Surge in First Quarter From COVID-19
The coronavirus pandemic has created a demand surge for a myriad of e-commerce companies as consumers buy stuff online from the safety of their homes. That includes broad platforms like Amazon.com, Shopify, and eBay but also specialty online retailers like Chewy (NYSE: CHWY), which reported first-quarter earnings earlier this week. Pet owners are stocking up due to the pandemic, and management believes the shift in consumer behavior will be permanent.
Here's what investors need to know.
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Source Fool.com
