Takeaway: We remain net bullish on pet care industry. We’re hosting a black book to provide latest thoughts and updates on the relevant tickers.

Editor's Note: Below is a call invite for our Pet Care Industry black book presentation hosted by our Retail Team. If you interested in accessing the live event and materials, please click here for more details. 

Retail Pet Care Black Book | $CHWY, $WOOF, $STIC/$BARK, $NEBC/ROVER - bbbbbb

The Pet Industry is one that has seen strong tailwinds since the pandemic with rising pet ownership and spending per pet continuing to rise. Several companies have come public (or are expected to via spac) in recent months including Petco, Barkbox, and Rover.

CHWY meanwhile, which has been a Best Idea Long for us since May 2020, went up nearly 3x, but has since come in some. We remain net bullish on the pet category with CHWY still a Best Idea Long and WOOF making its way up our long bias list.

We recently removed STIC from our short bias list around $10.50 after adding it at over $14 in Jan as we get closer to a closing of the Barkbox acquisition. The concern now is around comping the comp, though we think pet care and services is still poised for outsized growth and share of wallet gains.

Mark your calendar. On Wednesday April 21st at 10:00am ET we are hosting a new black book to review the state of the Pet Care industry and provide our latest view on the relevant stocks.

Tickers will include Chewy (CHWY), Petco (WOOF), Barkbox (STIC/BARK), and Rover (NEBC).

Call Details:
Date/Time: Wednesday, April 21st at 10am EDT
Live Video Link Will Be Provided Prior To Call With Replay Available After The Broadcast

CLICK HERE FOR ACCESS (Subscribe to retail pro)