Chewy's profits surge, breaking market doubts, investors benefit a lot

Chewy Inc. reported second-quarter revenues higher than analysts’ expectations of $3.08 billion, with earnings per share reaching $0.33, up 37.5% year-on-year, in line with expectations. Over the past two years, 88% of the company's financial results exceeded expectations. The growth is mainly due to increased average order value and customer retention, especially in the high-end pet food and health care products. Analysts maintain an average rating of “outperforming the market” with a one-year target of $44.83, while GuruFocus estimates its intrinsic value of $39.94.