Throw Chewy a Bone
What makes Chewy a retailer worth remaining loyal to?
The Amazon of pet retail, Chewy (CHWY), took a beating with supply chain woes. But for those who remain loyal to the brand, opportunity knocks for this stock market darling.
By the numbers: Chewy boasts stable and predictable cash flow.
- The company reported $2.38 billion in revenue on their balance sheet.
- Autoship sales grew from 68.4% of that total in Fiscal 2020 to 70.2% last year.
- They ended fiscal Q4 with 20.6 million customers, a 7.6% year-over-year gain, while net sales per active customer also grew by 15.6% to $430/quarter.
Wall Street analysts are forecasting a +38% increase in CHWY's stock price over the next 12 months.
If you are a pet parent, here are defined outcomes for this hot stock to add to your portfolio: CHWY