Core Insights - Chewy Inc. is a leading online retailer in the pet supplies market, focusing on customer service and a user-friendly platform to differentiate itself from competitors like Amazon and Petco [1] Financial Performance - Chewy reported third-quarter revenue of $3.12 billion, representing an 8.1% year-over-year increase, driven by strong demand and a rise in unit volume [3][6] - The number of active customers grew to 21.2 million, reflecting a nearly 5% year-over-year increase, supported by improved marketing efficiency and higher conversion rates [3][6] Sales Growth - Autoship sales, crucial for predictability and cost efficiency, increased by 13.6% year-over-year to $2.61 billion, indicating strong customer retention [4][6] - The performance of Chewy's mobile app also showed significant growth, with app customers and orders rising by 15% year-over-year due to enhanced functionality and increased direct traffic [4] Market Position and Outlook - Barclays maintained an "Overweight" rating for Chewy, raising its price target from $47 to $52 following the company's impressive earnings report and optimistic guidance for the fourth quarter [2][6] - Despite challenging macroeconomic conditions, Chewy continues to demonstrate resilience and growth, with the stock currently priced at $35.43 and a market capitalization of approximately $14.69 billion [5]

Chewy Inc. (NYSE:CHWY) reported an EPS of $0.14, beating the estimated $0.12, and marking a trend of surpassing consensus EPS estimates.The company's revenue reached $3.12 billion, an 8.1% increase from the previous year, driven by a rise in unit volume and active customer growth to 21.2 million.Despite a disappointing outlook for the fiscal fourth quarter, Chewy's valuation metrics like a P/E ratio of 69.58 and a price-to-sales ratio of 1.14 reflect investor confidence in its future growth.Chewy Inc. (NYSE ...