The online pet retailer's growth rates are finally stabilizing. Chewy's (CHWY 0.19%) stock soared 27% on May 29 after the company released its latest report. For the first quarter of fiscal 2024, which ended on April 28, the online pet retailer's net sales grew 3% year over year to $2.88 billion and beat analysts' estimates by $40 million. Its adjusted earnings per share (EPS) jumped 55% to $0.31 and cleared the consensus forecast by $0.11. Chewy followed up its earnings beat by announcing a new $500 millio ...

Key Points Chewy, Inc. had another solid quarter, with margins improving. Growth is slowing but better than expected, with market share gains and auto-ship growing as a percentage of revenue. Analysts trimmed their targets over the last year, but the trend is over, and a reversal of sentiment is in play. 5 stocks we like better than Chewy Chewy, Inc. NYSE: CHWY defied expectations and produced a solid Q1 that suggests momentum, continued strength, and rapidly improving shareholder value in the year's second ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

With pets proving to be a financial strain for many consumers, Chewy has been seeing them hold off on adopting new pets until inflation eases up. Now, some people are finally ready to take on the responsibility. Chewy CEO Sumit Singh said during a call with analysts Wednesday (May 29) discussing the online pet product retailer’s first-quarter fiscal 2024 earnings results that after years of declines in pet households, the company’s data from shelters and other pet rescues finally shows a “positive balance b ...

The beaten-down pet supply e-commerce platform exceeded low expectations. But is it really a sign of a turnaround? Shares of pet supply e-commerce platform Chewy (CHWY 28.86%) were rising on Wednesday, trading up 27% as of 11 a.m. ET. The company reported earnings this morning that came in well ahead of expectations, while also announcing a new share repurchase program. Investors liked what they heard, sending shares rocketing higher. But they also might want to be cautious about further gains from here. A ...

Chewy (CHWY) reported $2.88 billion in revenue for the quarter ended April 2024, representing a year-over- year increase of 3.3%. EPS of $0.31 for the same period compares to $0.20 a year ago. The reported revenue represents a surprise of +1.05% over the Zacks Consensus Estimate of $2.85 billion. With the consensus EPS estimate being $0.21, the EPS surprise was +47.62%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street exp ...

Key Takeaways Chewy shares soared in early trading Wednesday after the company's profit and revenue topped estimates as its automatic shipment sales surged. The pet food and supplies retailer set a record for adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). Chewy also announced an up to $500 million stock repurchase plan. Chewy (CHWY) shares skyrocketed over 26% in early trading Wednesday after the e-commerce pet food and supplies retailer reported results that topped forec ...

财务数据和关键指标变化 - 第一季度净销售额增长3.1%至28.8亿美元,超出了指导范围的高端 [10] - 活跃客户数略有下降,但仍略高于内部预期 [23] - 每活跃客户净销售额(NSPAC)增长9.6%至562美元,大幅超过整体收入增长 [24] - 自动发货客户销售额达到22亿美元,占总净销售额的77.6%,同比增长240个基点 [25] - 毛利率为29.7%,同比增加130个基点,环比增加150个基点 [25][26] 各条业务线数据和关键指标变化 - 非必需消费品类如耐用品销售下降有所放缓,公司正在采取措施提振该类别 [51][52][53] - 处方药和宠物医疗业务表现良好,成为毛利率改善的主要驱动因素之一 [26][58] 各个市场数据和关键指标变化 - 加拿大市场客户认知度和需求持续增长,公司专注于通过自动发货等计划提升业务质量 [20] 公司战略和发展方向及行业竞争 - 公司推出了付费会员计划"Chewy Plus",正在进行测试和学习 [15][61][62] - 宠物医疗诊所业务持续扩张,已开设4家门店,未来一年内计划再开4-8家 [16][17][41][42][43][44][45] - 广告业务持续增长,预计未来将占净销售额1%-3% [18][19] 管理层对经营环境和未来前景的评论 - 管理层认为行业正在走向正常化,观察到收养和遗弃之间的正面平衡 [21] - 管理层对公司执行力和未来发展前景保持乐观 [9][14][37] 其他重要信息 - 公司启动了首次500万美元的股票回购计划 [31][32] - 公司提高了2024财年全年调整EBITDA利润率指引至4.1%-4.3% [35] 问答环节重要的提问和回答 问题1 **Trevor Young 提问** 询问新客户和重新激活客户的趋势以及医疗诊所业务的进展指标 [39][41] **Sumit Singh 和 David Reeder 回答** 回应了新客户和重新激活客户的正面趋势,以及医疗诊所业务关注的几个关键指标 [42][43][44][45] 问题2 **Rupesh Parikh 提问** 询问公司的股票回购策略 [47] **David Reeder 回答** 解释了公司计划采取灵活和有纪律的方式进行股票回购 [48][49][50] 问题3 **Doug Anmuth 提问** 询问广告业务对毛利率的影响以及Chewy Plus会员计划的推广计划 [56][57][61][62] **Sumit Singh 回答** 详细解释了广告业务对毛利率的贡献,以及Chewy Plus会员计划与自动发货计划的协同效应 [58][59][60][61][62]

Chewy (CHWY) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.20 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 47.62%. A quarter ago, it was expected that this online pet store would post earnings of $0.10 per share when it actually produced earnings of $0.18, delivering a surprise of 80%. Over the last four quarters, the company h ...

The shares of Chewy Inc (NYSE:CHWY) are 14.3% higher premarket, after the online pet supply retailer unveiled a better-than-expected quarterly report. The company's first-quarter results featured adjusted earnings of 15 cents per share on revenue of $2.88 billion, both of which topped Wall Street's estimates. In addition, Chewy announced a share buyback plan of up to $500 million. Should these premarket gains hold, CHWY will open at its highest level since January and could be the equity's best single-sessi ...