AllAnalyst Report
logoMorningstarMarch 21, 2024

Chewy, Inc.: Chewy Earnings: Decent, but Big Valuation Haircut As We Revise Our Cost of Equity Assumption

Symbols
CHWY
Sector(s)
Consumer Cyclical
Rating
Current Price
$15.84
Fair Value
Economic Moat
Stewardship
Summary

Chewy is the largest e-commerce pet care retailer in the US, generating $11.2 billion in 2023 sales across pet food, treats, hard goods, and pharmacy categories. The firm was founded in 2011, acquired by PetSmart in 2017, and tapped public markets as a stand-alone company in 2019 after spending a couple of years developing under the aegis of the pet superstore chain. The firm generates sales fro

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