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This Growth Stock Is Effectively Grappling With Inflation, but Should Investors Buy Now?

·3-min read
This Growth Stock Is Effectively Grappling With Inflation, but Should Investors Buy Now?
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Pet goods retailer Chewy (NYSE: CHWY) has so far been effectively managing the impacts of inflation, but does this mean that investors should buy its stock now? In its fiscal 2022 first quarter, which ended on May 1, Chewy's gross profit margin declined by 10 basis points to 27.5%. Given those and other inflationary pressures, it's impressive that Chewy managed its profit margins as well as it did.

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