Chewy Q2 Earnings Highlights: Revenue Beat, EPS Beat, Autoship Sales Shine Through
Portfolio Pulse from Chris Katje
Chewy Inc (NYSE:CHWY) reported Q2 net sales of $2.78 billion, up 14.3% YoY, beating the Street consensus estimate of $2.76 billion. The company also reported EPS of 15 cents, beating the Street consensus estimate of a loss of 5 cents per share. Chewy highlighted its Autoship service in the report, attributing it to robust ordering behavior and strong performance. The company's shares are up 4% to $28.52 in after-hours trading.
August 30, 2023 | 8:32 pm
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Chewy's Q2 results beat estimates with net sales of $2.78 billion and EPS of 15 cents. The company's shares are up 4% in after-hours trading.
Chewy's Q2 results exceeded Street consensus estimates, which is likely to boost investor confidence and could lead to a short-term increase in the company's stock price. The company's strong performance and robust ordering behavior, particularly for its Autoship service, also bode well for its future growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100