The Online Pet Pharmacy Space Is Growing at a Fast Pace and Chewy Is Benefitting. But You'll Never Believe the Other Magnificent Stock That Will Likely Benefit.

The online pharmacy space for pets is growing at a strong rate and that's good news for Chewy (NYSE: CHWY). The company operates the go-to e-commerce platform for pets. Most investors are likely aware that it generates billions of dollars of sales annually from retail products. But fewer realize that pet health is a big business for Chewy as well.In 2023, Chewy Health was a business worth more than $3 billion, according to management. But that's just the tip of the iceberg. The company believes the pet health market is worth $47 billion in just the U.S., and it's still growing.When thinking of this from an e-commerce perspective, the outlook is even more optimistic. According to a 2022 article sponsored by Chewy, 30% of pet medications are expected to be purchased online by 2025. That's a substantial shift.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool