What Caught Our Attention in the Investment World? – Week of March 29-April 1, 2021

By Kuldip K. Ambastha

Chewy Inc. (CHWY) is an American company focused on the online retailing of pet food and other pet-related items. On the trading day of Wednesday, March 31, 2021, the stock rose by +5.4% due to impressive quarterly performance figures. In the latest quarter, sales exceeded $2 billion for the first time in the company’s history, with a profit of $21 million. Consumer demand for higher-end Chewy product offerings, a need for consumers to shop online because of the ongoing coronavirus pandemic lockdowns, and less dollars focused on costly marketing efforts all benefited Chewy. Company management has expressed a positive outlook for the future, but it remains to be seen if Chewy’s positive results will continue in later quarters.

Keywords – Chewy Inc., Chewy, CHWY, online, retailer, retailing, retail, pets, pet, food, quarter, quarterly, performance, sales, profit, consumers, consumer, COVID-19, coronavirus, pandemic, lockdowns, lockdown, marketing, revenues, revenue, costs, cost, past, present, future.

Disclosure – The principals and clients of Ambastha Financial LLC have no positions in CHWY.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2021 – Ambastha Financial LLC.

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