Chewy Q2 Earnings Exceed Expectations but Stock Outlook Remains Cautious

Reported 2 days ago

Chewy (CHWY) reported Q2 revenue of $3.1 billion, surpassing Wall Street estimates by 0.71%, with earnings per share at $0.33, matching forecasts. Notable metrics include 20,906 active customers and net sales growth in consumables and hardgoods, although net sales in other categories fell slightly short of predictions. Despite a recent 16.3% increase in stock price, Chewy holds a Zacks Rank #4 (Sell), suggesting potential underperformance in the near term.

Source: YAHOO

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