Here's the 1 Number From Chewy You Won't Want to Miss
(NYSE: CHWY) reached a big milestone last year when it shifted to profitability. But the share performance hasn't reflected this victory. Chewy's number of active customers slipped slightly in the last quarter of the year. And investors, wary of consumer stocks in today's weak economic environment, saw that as a red flag.
But the online retailer of pet supplies is proving it can excel even in a tough environment. In the first quarter of this year, it announced more gains in earnings -- from revenue to profit and gross margin. And the number of active customers stabilized. Even better, Chewy reported something that should lead to increasingly more growth moving forward. Let's check out the one number you won't want to miss.
First, a quick look at Chewy in case you're unfamiliar with the company. As you would expect, Chewy sells pet food and supplies. But it also sells medication and offers a complete healthcare service. Basically, pet owners can come to the e-commerce site for just about all their needs.
Source Fool.com
Chewy Inc Stock
With 30 Buy predictions and 3 Sell predictions Chewy Inc is one of the favorites of our community.
As a result the target price of 28 € shows a very positive potential of 89.5% compared to the current price of 14.78 € for Chewy Inc.
