Chewy Stock Has Been in the Doghouse. Is It a Buy for 2025?

Shares of Chewy (NYSE: CHWY) have rebounded this year after falling sharply from their previous peak in 2021. Although Chewy's sales are still being weighed down by macroeconomic headwinds, pet spending could be turning the corner.The pet supply purveyor reported a sales increase of 4.8% year over year in the fiscal third quarter (ended Oct. 27), an improvement over the previous quarter's 2.6% increase. Sales growth is still accelerating, and management is forecast a full-year revenue increase of about 6% year over year, which implies strong growth in its fiscal fourth quarter.The stock is trading at a reasonable price-to-earnings ratio of 25 based on this year's average earnings estimate. Here's how Chewy is aiming to drive long-term growth that could make the stock an excellent buy heading into 2025.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool