Chewy, Inc. (CHWY-N)
NYSE:CHWY
41.76
0.29
(0.70%) 1d
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This summary was created by AI, based on 4 opinions in the last 12 months.
Chewy, Inc. (CHWY-N) has shown a remarkable comeback in recent quarters, despite a temporary setback following a report that disappointed on margin expectations. The company recently announced impressive results, beating revenue and adjusted EBITDA forecasts while raising its full-year outlook. Notably, Chewy's active customer base reached 20.2 million, with record spending per active customer at $567.50, indicating strong market demand. The expansion of Chewy Vet Care clinics seeks to engage younger pet owners, a strategic move considering the growing pet adoption trend, which has increased by around 10% in the industry. As Chewy continues to innovate and execute well, including plans for a $500 million buyback, analysts remain optimistic about its growth potential amid heightened competition.
They reported last week a nice revenue and adjusted EBITDA beat, and raised their full-year forecast. And yet, shares plunged 7%, because shares came into the report hot, up 23% in November. CHWY forecast Q4 margins at 3-3.8%, while the street expected 3.9% and was disappointed. Buy on this dip because of strong numbers: 20.2 million active members, more than expected, and $567.50 spending per active customer, a record high, and pet adoption in the industry growing around 10%, a positive sign. Also, their six vet clinics are bringing in new customers, and they plan to open two more. Also, the clinics are expanding to Canada (Toronto).
Once a dog, this American pet food maker is a comeback after reporting Q1 results. Shares jumped 30% after the company reported earnings per share (EPS) of US$0.15, which blew away street estimates by 291%. Meanwhile, revenues of US$2.9 billion (all USD)were in line. Net income more than tripled from a year ago to $67.3 million, or $0.15 per share while gross margins climbed 130 basis points to 29.7% and net margins increased 150 basis points to 2.3%. Growth has moderated, but profits are now consistent and growing. Analysts were impressed enough to raise Chewy's price target rose by 8.4% to US$25.12. So, how did the company beat the post-Covid slump? One step was recently opening Chewy Vet Care clinics, targeting younger, tech-savvy pet owners, who can see their pet's medical information displayed on interactive screens in the exam room but also access that data on their portable devices. This cohort of Millennials and GenZ'ers make up 46% of pet owners in the U.S., so penetrating this market through the clinics is a savvy move.
It's a comeback story after sliding post-Covid. Shares jumped 27% this week after reporting. They introduced pet care clinics that helps bring down pet care costs. They execute well. Gross margins have expanded. They announced a $500 million buyback and are succeeding in the face of Amazon.
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Chewy, Inc.(CHWY-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 3
Bearish - Sell Signals / Votes : 3
Total Signals / Votes : 9
Chewy, Inc.(CHWY-N) Frequently Asked Questions
What is Chewy, Inc. stock symbol?
Chewy, Inc. is a American stock, trading under the symbol CHWY-N on the New York Stock Exchange (CHWY). It is usually referred to as NYSE:CHWY or CHWY-N
Is Chewy, Inc. a buy or a sell?
In the last year, 9 stock analysts published opinions about CHWY-N. 3 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Chewy, Inc..
Is Chewy, Inc. a good investment or a top pick?
Chewy, Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Chewy, Inc..
Why is Chewy, Inc. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Chewy, Inc. worth watching?
9 stock analysts on Stockchase covered Chewy, Inc. In the last year. It is a trending stock that is worth watching.
What is Chewy, Inc. stock price?
On 2025-05-16, Chewy, Inc. (CHWY-N) stock closed at a price of $41.76.
It reports Wednesday. Their last 2 quarters have been strong.