CHWY Stock Recent News

It's a stock that has clawed its way up the cat tower for months, and on Wednesday, Chewy (CHWY) reported solid results for the quarter. Investors quickly rallied around the retailer.

On Wednesday, Chewy Inc.  CHWY reported better-than-expected second-quarter 2024 results and reaffirmed annual guidance.

Chewy's revenue growth remained muted, but margin expansion drove strong profit growth. The company is losing customers but increasing spending per customer.

Sumit Sungh, Chewy CEO, joins 'Money Movers' to discuss Sungh's vantage point on the consumer, what's contributing to the company's growth, and more.

Chewy is red-hot Wednesday after the pet products retailer posted impressive Q2 earnings. Here's what Wall Street has to say about the stock.

Chewy is showing signs of recovery post-COVID, but at 19x forward EBITDA, the stock appears fairly priced, leading me to a neutral stance. Despite a solid Q2 and growing customer spending, Chewy's stagnant active customer base raises concerns about its long-term growth prospects. Chewy's revenue growth rates are expected to accelerate after Q3 2024, marking the first time in over five quarters.

Chewy, Inc. (NYSE:CHWY ) Q2 2024 Earnings Conference Call August 28, 2024 8:00 AM ET Company Participants Jennifer Hsu - VP of IR Sumit Singh - CEO David Reeder - CFO Conference Call Participants Doug Anmuth - JPMorgan Mark Mahaney - Evercore ISI Michael Morton - MoffettNathanson Eric Sheridan - Goldman Sachs Rupesh Parikh - Oppenheimer Trevor Young - Barclays Dylan Carden - William Blair Anna Andreeva - Piper Sandler Curtis Nagle - Bank of America Merrill Lynch Operator Good morning all, and thank you for joining us for the Chewy Second Quarter 2024 Earnings Call. My name is Carlie and I'll be the call coordinator today.

Chewy's NYSE: CHWY stock price has struggled since the peaks set in 2020 because it could not sustain the wicked-hot growth pace driven by pandemic spending and stimulus measures. Today's takeaway is that the market for Chewy stock has normalized, and its business turned a corner in the first half of the year, setting it up to complete a technical reversal that will lead to a sustained rally.

The past couple weeks showed mostly strong earnings and guidance for retail companies, led by giants like Walmart (WMT) and Target (TGT). The latest reports aren't as straightforward.

While the top- and bottom-line numbers for Chewy (CHWY) give a sense of how the business performed in the quarter ended July 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.