Is It Too Late to Buy Chewy Stock?
CHWYChewy(CHWY) The Motley Fool·2024-05-31 16:15

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 2.88billionandbeatanalystsestimatesby2.88 billion and beat analysts' estimates by 40 million. Its adjusted earnings per share (EPS) jumped 55% to 0.31andclearedtheconsensusforecastby0.31 and cleared the consensus forecast by 0.11. Chewy followed up its earnings beat by announcing a new $500 millio ...