Chewy Stock Soars on Big Profit Beat. Is It Time to Buy?
CHWYChewy(CHWY) Kiplinger.com·2024-08-28 23:45

Chewy (CHWY) stock is soaring in Wednesday's session after the online pet products retailer blew past earnings expectations for its second quarter.In the 13 weeks ended July 28, Chewy said its earnings per share (EPS) jumped to 24 cents from 9 cents in the year-ago period. Revenue was up 2.6% year-over-year to 2.86billion,helpedbya5.82.86 billion, helped by a 5.8% jump in Autoship customer sales to 2.24 billion."Our Q2 performance reflects another quarter of strong execution, delivering net sales at the high end of our guidance ...