Chewy (CHWY) shares advanced after the online pet supplies provider posted better-than-anticipated results as its customer base expanded.
Chewy Inc. CHWY on Wednesday reported a fourth-quarter adjusted EPS of 28 cents, up 55.6% year-over-year, compared to the consensus of $0.05.
Here's our initial take on Chewy's (CHWY -1.41%) fiscal 2024 fourth-quarter financial report.
Chewy (CHWY) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.18 per share a year ago.
Online pet products retailer Chewy (CHWY -1.41%) reported fiscal 2024 fourth-quarter earnings on Wednesday, March 26, that topped analysts' consensus expectations. Revenue for the quarter surged 14.9% year over year to $3.25 billion, outperforming forecasts of $3.2 billion.
U.S. stock futures were lower this morning, with the Dow futures falling around 50 points on Wednesday.
CHWY's fourth-quarter results are expected to reflect growth from Autoship and digital engagement, though higher costs may pressure margins.
Chewy, Inc. CHWY will release its fourth-quarter financial results, before the opening bell, on Wednesday, March 26.
Here is how Chewy (CHWY) and Prosus N.V. Sponsored ADR (PROSY) have performed compared to their sector so far this year.
Chewy, Inc.'s Q4 earnings could reignite bullish sentiment, but margin pressure remains a key concern. The pet retailer's auto-ship service ensures recurring revenue, though growth in active customers has slowed, reflecting post-pandemic churn. However, higher net sales per customer offset this decline. Despite strong projected bottom-line growth, CHWY stock's high valuation offers limited downside protection.
Chewy (CHWY) closed the most recent trading day at $32.25, moving +0.81% from the previous trading session.
Chewy (CHWY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.