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Is Chewy Stock a Buy?

TheMotleyFool

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Investors were hungry for some good news heading into Chewy's (NYSE: CHWY) first-quarter update. The pet supply e-commerce giant had been reporting slowing growth and increasing net losses in the wake of its pandemic-related demand spike through most of 2021. Wall Street sent the stock lower on concerns that these issues will keep hurting the business through the rest of this year.

Chewy's latest operating report eased several of these worries, but not all of them. Let's take a closer look.

Image source: Getty Images.

Source Fool.com

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