Despite its stock price already doubling since 2024, leading online pet goods retailer Chewy (NYSE: CHWY) remains one of my favorite stocks to buy right now.
One particular reason stands out to me as to why Chewy stock is worth owning, and that is the potential for its profit margins to keep rising.
Since the company’s focused on an array of higher-margin growth areas, Chewy’s profitability could continue improving — and investors should be very excited about it.