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Last week Chewy (#CHWY) reported earnings and beat analyst expectations! The company announced Q4 Non-GAAP EPS $0.11 (beat by $0.20) and revenue of $2.04B (+51.1% Y/Y).
Shares of #Chewy are trading at $82.71 and the company has a market cap of $34.35B while posting yearly net income (loss) of -92M. Many investors believe that the stock is overvalued, but others are buying with growth expectations. CEO Sumit Singh stated that the company will be opening their second automated fulfillment center this year, which does signal growth! Is Chewy the best growth stock to own?