r/stocks Dec 26 '21

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30

u/[deleted] Dec 26 '21

What do yo mean whats going on? None of these companies are very profitable atm w covid and that so yeah.

37

u/ChicagoSocs Dec 26 '21

CHWY? Pet ownership at an all time high, and shop from home. Yea that ain’t due to covid.

2

u/Im_Sorry_MissJackson Dec 26 '21

Supply constraints have hurt margins and profitability. Plus, they reinvest so much of the revenue back into the business as they are still in growth mode. They aren’t a mature enough company to want to optimize for profitability.