KEY POINTS
  • CNBC's Jim Cramer said Wednesday that investors should buy stock of Petco instead of Chewy after the latter reported a disappointing quarter on Tuesday.
  • If [Chewy] aren't turning a profit yet after all these years, I find it impossible to recommend their stock in this environment. If you want to play the humanization of pets, I'd much rather buy the stock of Petco, which has the added advantage of making a lot of money," the "Mad Money" host said.

CNBC's Jim Cramer said Wednesday that investors should buy stock of Petco instead of Chewy after the latter reported a disappointing quarter on Tuesday.

"If [Chewy] aren't turning a profit yet after all these years, I find it impossible to recommend their stock in this environment. If you want to play the humanization of pets, I'd much rather buy the stock of Petco, which has the added advantage of making a lot of money," the "Mad Money" host said.