Pet Supply Retailer Chewy's Q2 Earnings: Profit Edges Out Expectation, Sales Per Active Customer Hits New Record
Portfolio Pulse from Vandana Singh
Chewy Inc. (NYSE:CHWY) reported better-than-expected Q2 2024 earnings, with adjusted EPS of $0.24 surpassing the consensus of $0.02. Sales reached $2.86 billion, aligning with expectations. The company reaffirmed its annual guidance and raised its 2024 adjusted EBITDA margin guidance. CHWY stock rose 2.44% in premarket trading.
August 28, 2024 | 12:55 pm
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Chewy Inc. reported strong Q2 2024 earnings, with adjusted EPS of $0.24, beating the consensus of $0.02. Sales were $2.86 billion, in line with expectations. The company reaffirmed its annual guidance and raised its 2024 adjusted EBITDA margin guidance. CHWY stock rose 2.44% in premarket trading.
Chewy's better-than-expected earnings and reaffirmed guidance are positive indicators for investors, leading to a 2.44% increase in premarket stock price. The raised EBITDA margin guidance further supports a positive outlook.
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