Chewy Stock Gets Much-Needed Post-Earnings Pop
CHWYChewy(CHWY) schaeffersresearch.com·2024-05-29 21:06

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 2.88billion,bothofwhichtoppedWallStreetsestimates.Inaddition,Chewyannouncedasharebuybackplanofupto2.88 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 ...