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Here's Why Chewy Stock May Be Worth Buying Before Earnings

·4-min read
Here's Why Chewy Stock May Be Worth Buying Before Earnings

Chewy (NYSE: CHWY) is all set to release its fiscal 2021 third-quarter results after the market closes on Thursday, Dec. 9, and investors will be hoping for a strong showing from the online retailer of pet supplies that has struggled on the stock market so far this year. The chart above is proof that Chewy stock has been a massive underperformer in 2021, which seems a tad surprising given the impressive growth of its customer base, an increase in spending by pet parents, and a rapidly rising top line.

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