Chewy's Loyalty Engine, $1B Pharmacy Business Have JPMorgan Staying Bullish Before Q1

JPMorgan analyst Doug Anmuth reiterated the Overweight rating on Chewy, Inc. CHWY, with a price target of $36.The company will report fiscal first quarter 2025 financial results before the market opens on Wednesday, June 11.According to Anmuth, investors are anticipating an upside to Chewy's Q1 net sales guidance of$3.06 billion–$3.09 billion and see the company raising its FY25 outlook for net sales of$12.30 billion–$12.45 billion and adjusted EBITDA margins of 5.4%–5.7%.Anmuth maintains a bullish view o ...