Chewy Q3 Adj EPS $0.15 Beats $(0.06) Estimate, Sales $2.74B Miss $2.76B Estimate
Portfolio Pulse from Benzinga Newsdesk
Chewy Inc. reported Q3 adjusted earnings of $0.15 per share, surpassing the $(0.06) estimate, marking a 350% beat and a 36.36% increase from the previous year. However, sales of $2.74B fell short of the $2.76B estimate, a 0.72% miss, but still an 8.21% increase from last year's figures.
December 06, 2023 | 9:08 pm
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NEUTRAL IMPACT
Chewy outperformed EPS estimates significantly but slightly missed revenue forecasts for Q3, indicating mixed financial performance.
The positive earnings surprise could lead to a short-term positive sentiment, while the sales miss may temper gains. The net effect might be neutral as the market digests both aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100