2 Unstoppable Growth Stocks to Buy Right Now for Less Than $1,000
Healthcare and pet spending continue to perform in a wide range of economic environments. Eli Lilly is a storied business, raking in cash and profits while paving the way to a stronger future.
Analysts Boosts Chewy's Price Forecast But Say Valuation Is Bit Stretched
On Wednesday, Chewy Inc. CHWY reported better-than-expected second-quarter 2024 results and reaffirmed annual guidance.
Reassessing Chewy's Position In The Pet Industry (Rating Downgrade)
Chewy's stock has surged 70% since our December 2023 buy rating, reflecting market confidence in its established sector position despite fierce competition. Q2 2024 saw margin improvements driven by higher net sales per active customer, but the customer base declined, especially in the US. Chewy confronts fierce competition from Amazon's low prices and smaller firms' customized offerings, requiring ongoing innovation and vertical integration to maintain its market position.
Chewy Sees Promise in Vet Clinics and Payoff From App Investments
Chewy said its investment in veterinary clinics is helping it attract new customers. The online pet product retailer released quarterly earnings Wednesday (Aug. 28) showing net sales increasing nearly 3% to $2.86 billion in the second quarter.
Chewy's Active Customers Growth First Time Since Q1 FY23 Is Encouraging: JP Morgan Analyst
On Wednesday, Chewy Inc. CHWY reported better-than-expected second-quarter 2024 results and reaffirmed annual guidance.
Why Chewy Stock Was Leaping Higher Today
Chewy's revenue growth remained muted, but margin expansion drove strong profit growth. The company is losing customers but increasing spending per customer.
Chewy Stock Soars on Big Profit Beat. Is It Time to Buy?
Chewy is red-hot Wednesday after the pet products retailer posted impressive Q2 earnings. Here's what Wall Street has to say about the stock.
Chewy: No Longer A Dog
Chewy is showing signs of recovery post-COVID, but at 19x forward EBITDA, the stock appears fairly priced, leading me to a neutral stance. Despite a solid Q2 and growing customer spending, Chewy's stagnant active customer base raises concerns about its long-term growth prospects. Chewy's revenue growth rates are expected to accelerate after Q3 2024, marking the first time in over five quarters.
Chewy, Inc. (CHWY) Q2 2024 Earnings Call Transcript
Chewy, Inc. (NYSE:CHWY ) Q2 2024 Earnings Conference Call August 28, 2024 8:00 AM ET Company Participants Jennifer Hsu - VP of IR Sumit Singh - CEO David Reeder - CFO Conference Call Participants Doug Anmuth - JPMorgan Mark Mahaney - Evercore ISI Michael Morton - MoffettNathanson Eric Sheridan - Goldman Sachs Rupesh Parikh - Oppenheimer Trevor Young - Barclays Dylan Carden - William Blair Anna Andreeva - Piper Sandler Curtis Nagle - Bank of America Merrill Lynch Operator Good morning all, and thank you for joining us for the Chewy Second Quarter 2024 Earnings Call. My name is Carlie and I'll be the call coordinator today.
Chewy's Stock Poised for a Major Comeback: Don't Miss Out
Chewy's NYSE: CHWY stock price has struggled since the peaks set in 2020 because it could not sustain the wicked-hot growth pace driven by pandemic spending and stimulus measures. Today's takeaway is that the market for Chewy stock has normalized, and its business turned a corner in the first half of the year, setting it up to complete a technical reversal that will lead to a sustained rally.
Chewy (CHWY) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Chewy (CHWY) give a sense of how the business performed in the quarter ended July 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Chewy stock poised for pandemic-style surge with record sales per customer
Chewy stock appears ready for a pandemic-like rally as sales per customer continue to grow. Has the company finally unlocked its operating leverage?
