Chewy Stock Performance Overview
Chewy (NYSE: CHWY) has seen a recent rebound, experiencing a nearly 14% increase for the week ending April 20 and a 19% increase for the month. Despite this upswing, the stock remains over 40% below its 52-week high, having returned only 31.11% since its IPO almost seven years ago, compared to a 146% gain in the S&P 500 during the same period.
The company’s revenue is steadily rising at approximately 8%, with expectations of increased operating margins this year. Chewy is also expanding its brick-and-mortar presence through the acquisition of Modern Animal, anticipated to add over $125 million in annual revenue and increase its locations from 18 to 47.
As a consumer staples stock, Chewy’s autoship subscription model is designed to enhance customer loyalty and expand margins, further bolstering its growth potential. Investors are advised to research thoroughly, as Chewy was not included in a recent list of recommended stocks by the Motley Fool’s Stock Advisor team.
