Chewy Q1 2024 Adjusted EPS $0.31 May Not Be Comparable To $0.07 Estimate, Sales $2.88B Beat $2.85B Estimate
Portfolio Pulse from Benzinga Newsdesk
Chewy reported Q1 2024 adjusted EPS of $0.31, which may not be comparable to the $0.07 estimate. Sales were $2.88 billion, beating the $2.85 billion estimate.
May 29, 2024 | 11:09 am
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Chewy's Q1 2024 adjusted EPS of $0.31 may not be comparable to the $0.07 estimate, but sales of $2.88 billion beat the $2.85 billion estimate.
Chewy's sales beat expectations, which is a positive indicator for the company's performance. However, the adjusted EPS may not be directly comparable to the estimate, which could cause some uncertainty. Overall, the sales beat is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100