Chewy Announces Second Quarter 2024 Financial Results PLANTATION, Fla., August 28, 2024 (BUSINESS WIRE) — Chewy, Inc. (NYSE: CHWY) ("Chewy"), a trusted destination for pet parents and partners everywhere, has released its financial results for the second quarter of fiscal year 2024 ended July 28, 2024. Fiscal Q2 2024 Highlights: • Net sales of $2.86 billion increased 2.6 percent year over year • Gross margin of 29.5 percent increased 120 basis points year over year • Net income of $299.1 million, including ...

Chewy's profitability flipped from negative to positive over the last year, but the best may still be ahead. Up 75% from its 52-week lows, Chewy (CHWY -3.33%) may have investors feeling as though they've missed a golden opportunity. However, when we zoom out on the time horizon, it is abundantly clear that the best may be yet to come for the leading e-commerce pet specialty retailer. One Wall Street analyst who is echoing these beliefs is Anna Andreeva with Piper Sandler. Raising their outlook on the stock ...

Chewy (CHWY) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this online pet store have returned +4.1% over the past month versus the Zacks S&P 500 composite's +0.3% change. The Zacks Internet - Commerce industry, to which Chewy belongs, has lost 1.3% over this period. Now the key question is: Where could the stock be headed in the near term? While media releases or rumors a ...

One of our top stock picks for 2024, Chewy Inc (NYSE:CHWY) is set to report earnings before the open on Wednesday, Aug. 28. Though down 3% at $26.71 this afternoon, the equity is enjoying an 11.8% year-to-date lead. Chewy stock experienced a massive 27.1% post-earnings pop this past May, and has since risen even further, though it's been experiencing recent pressure at the $27 level. For this upcoming event, the options pits are pricing in a next-day swing of 18%, regardless of direction, which is larger th ...

As Chewy Inc. (CHWY) prepares to release its second-quarter fiscal 2024 earnings on Aug 28 before the opening bell, investors are keenly evaluating whether the stock offers a compelling investment opportunity. The pet-centric e-commerce company has attracted significant attention, thanks to its robust growth trajectory and strategic initiatives. However, with the earnings just around the corner, it is crucial to determine whether Chewy remains a wise investment opportunity at this stage. Chewy's impressive ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Chewy (CHWY) , which belongs to the Zacks Internet - Commerce industry. When looking at the last two reports, this online pet store has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 63.81%, on average, in the last two quarters. For the last reported quarter, Chewy came out with earnings of $0.31 per share versu ...

Investors with an interest in Internet - Commerce stocks have likely encountered both Chewy (CHWY) and MercadoLibre (MELI) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates and estima ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Chewy (CHWY) reports results for the quarter ended July 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 28. On the o ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Chewy. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

The latest trading session saw Chewy (CHWY) ending at $27.27, denoting a +0.63% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily gain of 0.97%. At the same time, the Dow added 0.58%, and the tech-heavy Nasdaq gained 1.39%. The online pet store's stock has climbed by 6.23% in the past month, exceeding the Retail-Wholesale sector's loss of 2.12% and the S&P 500's loss of 1.85%. Investors will be eagerly watching for the performance of Chewy in its upcoming earnings ...