Chewy's Going International. Is the Stock a Buy?
(NYSE: CHWY) has proven its strength in the U.S. market. The seller of just about everything you need for your pet reached profitability last year. And in the first quarter of this year, the online retailer increased earnings in the double digits -- and sales per active customer reached a record high.
That's why right now seems like a particularly good time to expand. Chewy has chosen the market of Canada as its first international venture. The company aims to launch there in the third quarter, starting with the Greater Toronto market, then expanding. Does this move make Chewy a buy? Let's find out.
First, a little background on this company that pet parents love. Chewy sells the usual supplies and treats you would expect from such a retailer. But it also offers a whole suite of medical services -- from telemedicine visits for your pet to pet insurance.
Source Fool.com
Chewy Inc Stock
With 50 Buy predictions and not a single Sell prediction Chewy Inc is an absolute favorite of our community.
As a result the target price of 36 € shows a very positive potential of 75.1% compared to the current price of 20.56 € for Chewy Inc.
