Chewy: The pioneer in online pet supplies sales
- Chewy $CHWY is a major player in the online pet supplies sales market with a wide range of products.
- Active in the $144 billion US market and the $10 billion Canadian market.
- With its second fiscal year of profitability, it is seeing steady growth in sales, gross margin and free cash flow.
- Autoship, which accounts for 76% of $CHWY's sales , automatically reorders and ships popular products to customers.
- Expansion into Canada and the launch of its own veterinary practice support its long-term growth strategy.
- Shares of $CHWY are trading at 19 times forward earnings estimates, offering an interesting investment opportunity.
Very interesting business model and business, what do you investors think of the company?