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Jim Cramer Says Buy and Hold Chewy

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Chewy posted earnings that beat Wall Street expectations and it even posted a surprise profit.

"Years of preparation and focus have positioned us as the Internet’s preeminent neighborhood pet store and a leading pure-play e-commerce company in the pet space," Chewy (CHWY) - Get Report CEO Sumit Singh said in a statement.

"We look forward to a future marked by ongoing innovation and to winning customers’ hearts and minds as we grow to become the most trusted and convenient online destination for pet parents (and partners) everywhere," Singh added.

Jim Cramer reacts to the earnings in the video above.

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