Chewy's NYSE: CHWY stock price dipped following the FQ3 2025 earnings report, which opened a buy-the-dip opportunity. The results were mixed relative to the analysts' expectations but aligned with pet industry trends and an outlook for sustained growth.
I am upgrading Chewy to "buy" as its revenue should re-accelerate over the next few years from a combination of the Autoship program and progress on its strategic initiatives. During Q3 FY24, Chewy continued to see its NSPAC expand as it drives deeper adoption of its Autoship program while diversifying its revenue from Sponsored Ads, Chewy Health, and Chewy+ program. Although management raised its FY24 guidance, investor sentiment was dampened by the sequential decline in its gross and adjusted EBITDA margins, along with a miss on its Q3 adjusted EPS.
Chewy (CHWY -7.17%) stock took another hit on Thursday, a day after getting dinged by investors reacting to the company's third-quarter earnings report. While there was no direct news of note from the company, one analyst tracking its shares downgraded his recommendation.
CHWY's third-quarter results indicate top-line growth from active customer rise and cross-category product penetration. The company raises its fiscal 2024 sales outlook.
Chewy Inc CHWY shares were down Thursday after the company reported downbeat third-quarter sales.
Eva Ados, ERShares COO and chief investment strategist, joins 'Power Lunch' to discuss stock plays for three stocks.
Chewy (CHWY) shares dipped 2.5% Wednesday when the online pet supplies retailer missed profit forecasts as the number of active customers fell and costs rose.
Shares of pet e-commerce company Chewy (CHWY -3.03%) dropped on Wednesday after the company's financial results for the third quarter of 2024 missed expectations on the bottom line. As of 11:20 a.m.
Sumit Singh, Chewy CEO, joins 'Money Movers' to discuss the trends around pet adoption and the overall pet economy, if there's a trough in net new adoptions, and much more.
Chewy, Inc. (NYSE:CHWY ) Q3 2024 Earnings Call Transcript December 4, 2024 8:00 AM ET Company Participants David Reeder - CFO Sumit Singh - CEO Conference Call Participants Nathan Feather - Morgan Stanley Curtis Nagle - Bank of America Merrill Lynch Doug Anmuth - JPMorgan David Bellinger - Mizuho Steven Zaccone - Citigroup Rupesh Parikh - Oppenheimer Mark Mahaney - Evercore ISI Shweta Khajuria - Wolfe Research Anna Andreeva - Piper Sandler Operator Hello, everyone, and welcome to the Chewy Third Quarter 2024 Earnings Call. My name is Emily, and I'll be coordinating your call today.
The headline numbers for Chewy (CHWY) give insight into how the company performed in the quarter ended October 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
On Wednesday, Chewy Inc. CHWY reported a third-quarter adjusted EPS of $0.20, up 33.3% year-over-year, compared to the consensus of $0.08.