With roaring kitty exit and the stock hitting a 3 month peak, I’m expecting drawback for a quick swing option trade.

Just increased my position in CHWY. Strong signs of recovery in customer growth and impressive gains in pharmaceutical segments. Sustained investments in customer experience and website features are driving higher conversions. Long-term growth potential looks promising with continued market normalization and increased online sales penetration.

Chewy's impressive quarterly results, including a 1100% EPS beat, increasing net income, and improved margins, signal strong financial health and growth potential. Despite the stock market’s skepticism, the consistent performance and successful turnaround indicate a solid long-term investment opportunity.

Chewy has the potential to make a comeback as the sentiment improves, with a significant opportunity as active customers are nearing a trough. Despite some switching to Amazon, I believe Chewy remains a solid investment opportunity for the long term.