Chewy Trending Lower Heading Into Earnings Report

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About: Chewy, Inc. (CHWY)
by: Rick Pendergraft
This article is exclusive for subscribers.
Rick Pendergraft
Long/short equity, contrarian, special situations, research analyst
Summary

Chewy Inc. will report earnings after the closing bell on Monday.

The online pet supply retailer made its trading debut in June and has trended lower since then.

Revenue has been growing at an impressive rate, but the company hasn't been able to turn a profit yet.

Sentiment toward the stock is skewed to the bearish side and that could help it turn higher in the long run.

There have been a number of highly anticipated IPOs in 2019, and many of them have disappointed investors. Online pet supply retailer Chewy Inc. (CHWY) was one of those companies that debuted this