JUMP REPORT
CHEWY, INC (CHWY)
EARNINGS RELEASE - SEPTEMBER 10 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.16/share REV: 1,690/M
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NEXT QTR: EPS: -.12/share REV: 1,700/M
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FULL YR: EPS: -.46/share REV: 6,850/M
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LAST QTR: EPS: -.16/share ACTUAL: -.12/share (BEAT)
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BEAT/MISS RECORD: 0% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -5.78, 9.35, 7.91
EXPECTED JUMP MOVE THIS QUARTER: 8-10+%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
The online pet retailer reported quarterly financial results that have huge implications for investors.
Chewy (NYSE: CHWY) reached a big milestone last year when it shifted to profitability. But the share performance hasn’t reflected this victory. Chewy’s number of active customers slipped slightly in the last quarter of the year.
Chewy (NYSE: CHWY) has proven its strength in the U.S. market. The seller of just about everything you need for your pet reached profitability last year. And in the first quarter of this year, the online retailer increased earnings in the double digits — and sales per active customer reached a record high.
Shares of Rover (NASDAQ: ROVR) and Freshpet (NASDAQ: FRPT) are beating the market in 2023, and Chewy (NYSE: CHWY) is bouncing back in a major way this week after a blowout financial update. Pet adoptions spiked when folks realized that they would be hunkering at home for the long haul, setting the stage for years of growth as new puppies and kittens would mature into active and hungry members of the family. Chewy’s stock soared 22% on Thursday after posting better-than-expected fiscal first-quarter results.
The recent impressive earnings report from Chewy, the online pet-products retailer, may ignite investor optimism in the segment and its pure-play ETF PETS.
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Avg Daily Volume: 4,074,368 Market Cap: 22.97B
Sector: None Short Interest: 28.21
Ticker delayed 20 minutes
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by Team Stockjumpers