Chewy Expects Q4 Net Sales Of $2.78B-$2.80B; Cuts FY23 Net Sales Outlook From $11.15B-$11.35B To $11.08B-$11.10B
Portfolio Pulse from Benzinga Newsdesk
Chewy has updated its Q4 net sales expectations to $2.78B-$2.80B and reduced its FY23 net sales forecast from $11.15B-$11.35B to $11.08B-$11.10B.
December 06, 2023 | 9:17 pm
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Chewy has lowered its full-year 2023 net sales forecast, indicating potential challenges in revenue growth.
A reduction in the company's sales outlook often leads to negative investor sentiment as it suggests potential challenges in the company's performance or market conditions. This could result in a short-term decline in Chewy's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100