Streetbeat News

CHWY

Chewy, Inc.

https://www.chewy.com

Industry

Specialty Retail

Chewy, Inc., together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its www.chewy.com retail Website, as well as its mobile applications. It offers approximately 100,000 products from 3,000 partner brands. The company was founded in 2010 and is headquartered in Dania Beach, Florida.

Open

32.42

Mkt cap

13B

Volume

3.7M

High

32.68

P/E Ratio

38.20

52-wk high

39.10

Low

31.53

Div yield

N/A

52-wk low

14.69

Goldman Sachs analyst Eric Sheridan has maintained a Buy rating on Chewy (NYSE:CHWY) but has lowered the price target from $36 to $32.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 3:41 pm

Chewy's stock is trading lower following the company's announcement of Q1 net sales guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:16 pm

Wedbush analyst Seth Basham has reiterated an Outperform rating on Chewy (NYSE:CHWY) and maintained a $25 price target.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:07 pm

Needham analyst Anna Andreeva has reiterated a Buy rating on Chewy (NYSE:CHWY) and maintained a $25 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 11:00 am

On Wednesday, U.S. indices saw positive movements with notable gains in stocks like Digital World Acquisition Corp. (DWAC), Apple Inc. (AAPL), Micron Technology Inc. (MU), Chewy Inc. (CHWY), and Tesla Inc. (TSLA). DWAC surged 17.79% after a legal brief argued for Trump's 'ultimate immunity'. Apple's stock rose by 1.47% as CEO Tim Cook visits Shanghai, hinting at more stores in China. Micron's shares increased by 2.39% following strong fiscal Q2 results. Chewy's stock jumped 6.35% after beating Q4 financial estimates. Tesla shares rose by 2.53%, with suggestions that advertising could boost sales.

Portfolio Pulse from Benzinga Neuro

March 21, 2024 | 2:31 am

Chewy Inc (NYSE:CHWY) reported Q4 net sales of $2.83 billion, a 4.2% increase year-over-year, surpassing the consensus estimate of $2.79 billion. Adjusted EPS was 18 cents, beating the expected loss of 4 cents per share. Full-year sales were $11.15 billion, up 10.2%. CEO Sumit Singh highlighted market share gains, margin expansion, and accelerated free cash flow. For Q1, revenue is expected between $2.84 billion and $2.86 billion, with fiscal 2024 projections of $11.6 to $11.8 billion, above consensus estimates of $11.12 billion. After the announcement, CHWY shares rose 6% in after-hours trading.

Portfolio Pulse from Chris Katje

March 20, 2024 | 8:33 pm

Chewy (NYSE:CHWY) reported Q4 earnings with an EPS of $0.18, significantly beating the estimated -$0.04, marking a 550.0% beat. Revenue increased by $123.00 million from the same period last year. Despite past earnings beats, such as last quarter's $0.21 EPS beat, Chewy's share price dropped by 1.0% the following day. This pattern suggests investor reactions to Chewy's earnings may not always align with expectations.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 8:25 pm

Chewy projects Q1 net sales to be between $2.84B and $2.86B, falling short of the estimated $2.89B. However, for FY24, Chewy anticipates net sales to range from $11.6B to $11.8B, surpassing the estimated $11.12B.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:14 pm

Chewy (NYSE:CHWY) reported Q4 2024 adjusted earnings per share (EPS) of $0.18, surpassing the analyst consensus estimate of $(0.04) by 550%. Quarterly sales reached $2.830 billion, exceeding the consensus estimate of $2.794 billion by 1.29%.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:11 pm

US stock futures indicate a cautious opening as investors await the Federal Reserve's interest rate decision. Weak bond yields and gold prices suggest expectations of a dovish Fed stance. The S&P 500 showed signs of a near-term top, with potential for a 5-6% pullback. Premarket trading saw SPY and QQQ ETFs move slightly, while individual stocks like BNTX, PDD, JKS, NDAQ, and CMG saw significant premarket activity due to earnings and announcements.

Portfolio Pulse from Shanthi Rexaline

March 20, 2024 | 11:28 am

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