Should You Buy Chewy Stock Ahead of Q2 Earnings?
Online pet retailer Chewy (NYSE: CHWY) is set to report its fiscal 2021 second-quarter earnings on Sept. 1. Since the pandemic's onset, the company has attracted millions of new customers as people stocked up on supplies for their pets without leaving the comfort of their homes.
But that tailwind is fading as economies reopen and people feel more comfortable visiting their local stores again. Still, many of the customers who made purchases from Chewy during the pandemic are likely to stick around. Plus, in the long run, more shopping will inevitably transition online. Let's take a closer look at Chewy's business and what to expect in the next round of earnings.
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Source Fool.com
