1422 ET - The recent decline in Chewy's stock price represents a good buying opportunity, Baird analysts say in a research note. The online pet-supplies company is well positioned to grow its top line and expand its margins in 2025, as the industry backdrop continues to normalize and the company leans further into marketing, the analysts write. They also say that pets are a resilient industry, and Chewy has strong recurring revenue streams and less exposure to tariffs than most retailers. The company, scheduled to report its 4Q results next week, remains a Baird "2025 best idea," the analysts add. Chewy is up 92% in the past 12 months. (connor.hart@wsj.com)
(END) Dow Jones Newswires
March 17, 2025 14:22 ET (18:22 GMT)
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