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Time to Treat Yourself to Chewy Stock After Upgraded 2021 Guidance

·4 min read
Time to Treat Yourself to Chewy Stock After Upgraded 2021 Guidance

Pet e-commerce company Chewy (NYSE: CHWY) has now put up back-to-back solid earnings reports since the high-growth tech stock sell-off started this past March. Profitability is still minimal and doesn't offer anything meaningful in the way of valuing the business at this juncture, but the company is obviously quickly reaching a profitable scale with lots more potential via new product launches and pet care.