Investors chew on a chewy upgrade.

Walgreens wants to sell its UK pharmacies and coin-based global, is singing the crypto

blues.

Motley Fool Money starts now.

I'm Asit Sharma, sitting in for Chris Hill, and I'm joined today by senior analyst

Maria Gallagher.

Maria, welcome.

Hi Asit, how are you?

I'm doing well, not too bad for a Monday.

So Maria shares of Chewy this morning, hiring the markets on an upgrade from whole to buy

by analyst at Needham, and they cited pricing power and supply chain improvement in their

upgraded forecast.

Now as we take, I think, shares have leveled off some, but in general, a pretty good endorsement

of this company, which a lot of investors have had some questions on.

So I'm a big fan of Chewy.

I've been a big fan of Chewy for a while, and what I think what's so great about them

is the recurrent aspects of their purchases and their stability of these revenues, right?

So about 72.2% of their net sales are auto-ship customers, so people who say they get their

pet food delivered to them every month.

And though this is a really stable set and recurring set of revenue.

And what's great about that is you have that stability, and then you see that growth increasing

throughout the year.

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