Chief Financial Officer David Reeder noted that pet parents' adoption and relinquishment behaviors are strongly tied to macroeconomic trends. "From what would turn customer accounts positive, … really, we needed inflation to normalize," Reeder said. "… Inflation in the market normalizing would free up discretionary income for consumers, would give them the ability to then become additional pet parents in the future. He said the company is looking for "normalization of inflationary pressures that are putting ...

The beaten-down pet supply e-commerce platform exceeded low expectations. But is it really a sign of a turnaround? Shares of pet supply e-commerce platform Chewy (CHWY 28.86%) were rising on Wednesday, trading up 27% as of 11 a.m. ET. Also important in these times of higher interest rates, Chewy achieved positive profitability, with its adjusted margin under earnings before interest, taxes, depreciation, and amortization (EBITDA) expanding to 5.7% from 4% in the year-ago quarter. Lastly, the board authorize ...

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Chewy (CHWY) reported $2.88 billion in revenue for the quarter ended April 2024, representing a year-over- year increase of 3.3%. EPS of $0.31 for the same period compares to $0.20 a year ago. The reported revenue represents a surp ...

Key Takeaways Chewy (CHWY) shares skyrocketed over 26% in early trading Wednesday after the e-commerce pet food and supplies retailer reported results that topped forecasts and announced a new stock buyback plan as its automatic delivery sales jumped. Chewy posted first-quarter revenue of $2.88 billion, rising 3.1% from a year ago and beating analysts' estimates compiled by Visible Alpha. Net income of $66.9 million nearly tripled from $22.86 million in the year-ago period, far exceeding expectations, while ...

Steve, I'll try to satisfy your curiosity, might not be able to get into it in too much detail, but let's look at it. So why I sound optimistic is because we believe the inputs are thoughtfully planned and designed, and the outputs are responding as expected or better than our plan. So what are these inputs? A, as you know, we're very thoughtfully designed the clinic, both the sort of the infrastructure as well as the experience that we're providing to the customer, it's modern, it's customer forward, it's ...

Chewy (CHWY) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.20 per share a year ago. These figures are adjusted for non- recurring items. Chewy, which belongs to the Zacks Consumer Products - Staples industry, posted revenues of $2.88 billion for the quarter ended April 2024, surpassing the Zacks Consensus Estimate by 1.05%. This compares to year-ago revenues of $2.78 billion. The company has topped consensus reve ...

The shares of Chewy Inc (NYSE:CHWY) are 14.3% higher premarket, after the online pet supply retailer unveiled a better-than-expected quarterly report. The company's first-quarter results featured adjusted earnings of 15 cents per share on revenue of $2.88 billion, both of which topped Wall Street's estimates. In addition, Chewy announced a share buyback plan of up to $500 million. A short squeeze could catch bearish bettors off guard. Short interest fell 3% in the most recent reporting period, yet the 22.69 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (786) 320-7111 (Registrant's telephone number, including area code) N/A (Former name, former address and former fiscal year, if changed since last report) If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards ...

| --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------------------------------|-------|--------------------------|------------| | (in thousands, except net sales per active customer, per share data, and percentages) \nFinancial and Operating Data | | 13 Weeks \nApril 28, 2024 | | Ended \nApril 30, 2023 | % Change | | Net sales | $ | 2,877,725 | $ | 2,790,639 | 3. ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell- side) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Chewy (CHWY) . Chewy currently has an average brokerage recommendation ( ...