Chewy CHWY sent waves through the market as its share price rose as much as 15% after its second-quarter 2024 earnings were released. This positive investor reaction underscores Chewy's growing dominance in the $232 billion e-commerce pet sector, proving that its customer-centric approach and strategic initiatives are translating into tangible financial success. Beyond the Kibble: A Closer Look at Chewy's Q2 Performance Chewy's earnings report for the second quarter of 2024 (Q2 FY 2024) was filled with posi ...

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Chewy soared again on its latest earnings report, but there's a catch. For the second quarter in a row, Chewy (CHWY -0.52%) stock soared on its earnings report. On Wednesday, shares of the online pet products seller jumped 11% after it posted modest revenue growth in the second quarter, but profits soared as it delivered strong margin expansion. Revenue rose 2.6% to $2.86 billion, matching estimates, while adjusted earnings per share jumped from $0.15 to $0.24, ahead of the consensus of $0.01. That's the th ...

Chewy is seeing revenue per customer climb. For the second time this year, investors were applauding strong quarterly earnings results from Chewy (CHWY -0.52%), sending the online pet products retailer's shares higher. Elsewhere, the stock gained added attention when it was learned that Keith Gill, aka Roaring Kitty on the Wallstreetbets message boards of Reddit, had made an investment. Gill helped spur the meme-stock craze a few years ago. Let's take a closer look at Chewy's recent results and see if the u ...

On Wednesday, Chewy Inc. CHWY reported better-than-expected second-quarter 2024 results and reaffirmed annual guidance. The company reported sales of $2.86 billion, up 2.6% year over year, almost in line with the consensus of $2.86 billion and the management guidance of $2.84 billion—$2.86 billion. The retailer of pet supplies reported adjusted EPS of $0.24 compared to the consensus of $0.02 and $0.15 a year ago. JP Morgan analyst writes, "We're encouraged that Chewy's Active Customers returned to growth fo ...

Martin Barraud/OJO Images via Getty Images Recap We last discussed Chewy (NYSE:CHWY) in December 2023. Within fewer than eight months, the stock has increased by 70% since we issued a buy rating of $17.5. Despite fierce competition, we think Chewy should be able to endure in this harsh environment, and the market's response indicates that the company has probably established itself in the sector. | --- | --- | |---------------------------------|--------| | Stock Covered | CHWY | | Analyst's rating at public ...

Chewy said its investment in veterinary clinics is helping it attract new customers. The online pet product retailer released quarterly earnings Wednesday (Aug. 28) showing net sales increasing nearly 3% to $2.86 billion in the second quarter. CEO Sumit Singh told analysts during an earnings call that the company's vet care clinics, two of which have opened this quarter, are helping drive sales. "With each additional week and month of operations across our clinic footprint, we are steadily accumulating data ...

Core Insights - Chewy Inc. reported second-quarter 2024 results that exceeded expectations, with sales of $2.86 billion, reflecting a year-over-year increase of 2.6% [1] - The company reaffirmed its annual guidance, with adjusted EPS of $0.24, significantly higher than the consensus estimate of $0.02 and up from $0.15 a year ago [1] Customer Engagement - Unique customers placing orders through the Chewy app increased by approximately 13% year-over-year, while overall mobile app orders rose by about 15% [2] - The CEO noted improvements in both units per order and customer retention linked to app usage [2] Active Customer Growth - Chewy ended the second quarter with around 20 million active customers, marking a modest sequential growth in net ads for the first time since Q1 2023 [3] - JP Morgan analysts expressed optimism regarding the return to growth in active customers, highlighting potential positive trends in the industry [3] Market Reaction - JP Morgan maintained an Overweight rating on Chewy stock, which saw a price increase of 14.5%, reaching $29.60 [4]

Chewy delivered strong bottom-line growth in its second-quarter report. Shares of Chewy (CHWY 15.58%) were soaring today after the online pet products seller posted strong earnings growth in its second-quarter earnings report, showing the pet products industry may finally be emerging from a long slump. As a result, Chewy stock was up 15% as of 10:20 a.m. ET on the news. Chewy hops over a low bar Chewy's growth rate remained muted in the second quarter as revenue rose 2.6% to $2.86 billion, matching estimate ...

Chewy (CHWY) stock is soaring in Wednesday's session after the online pet products retailer blew past earnings expectations for its second quarter. In the 13 weeks ended July 28, Chewy said its earnings per share (EPS) jumped to 24 cents from 9 cents in the year-ago period. Revenue was up 2.6% year-over-year to $2.86 billion, helped by a 5.8% jump in Autoship customer sales to $2.24 billion. "Our Q2 performance reflects another quarter of strong execution, delivering net sales at the high end of our guidanc ...