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Despite Chewy's Q3 Earnings Miss, Here's Why I'd Still Buy It Before the End of 2024

The article from The Motley Fool discusses Chewy's third-quarter earnings, which missed expectations, yet provides reasons why the company remains an attractive investment. Despite a slight revenue miss and a significant drop in net income, Chewy reported a 3% year-over-year sales increase, reaching $2.74 billion. The company's gross margin improved, and it achieved a record-high adjusted EBITDA margin of 5.7%. Key positive points include Chewy's expansion into Canada, the growth of its automated fulfillment centers, and the introduction of new services like pet insurance and wellness products. Additionally, Chewy's loyal customer base, with a net sales per active customer increase to $555, and a high Autoship sales mix of 75.5%, underline its strong market position. The article suggests that despite short-term challenges, Chewy's strategic moves and operational improvements make it a compelling long-term investment.

Read the Full The Motley Fool Article at:
[ https://www.fool.com/investing/2024/12/09/despite-chewys-q3-earnings-miss-heres-why-id-still/ ]