Chewy's Big Win: Fewer Customers Spending More Money
(NYSE: CHWY) provides products and services that help pet parents take good care of their animal loved ones. As an online business, the company can closely track its operations. There was a split in performance during the second quarter of 2023 that investors should monitor. But the end results were still quite good. Let's review.
To get the bad news out of the way right up front, Chewy had 20.4 million active customers in the second quarter. That was down 0.6% year over year. While not a huge decline, it's hard to grow a retail business if you're losing customers.
Image source: Getty Images.
Source Fool.com
Chewy Inc Stock
€22.65
-1.780%
The stock is one of the favorites of our community with 38 Buy predictions and 3 Sell predictions.
With a target price of 28 € there is a positive potential of 23.65% for Chewy Inc compared to the current price of 22.65 €.
