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
Chewy, Inc. (NYSE:CHWY) Q3 2023 Earnings Call Transcript December 6, 2023 Chewy, Inc. misses on earnings expectations. Reported EPS is $-0.08 EPS, expectations were $0.09. Operator: Hello, everyone. Thank you for attending today’s Chewy Third Quarter 2023 Earnings Call. My name is Sierra, and I will be your moderator today. All lines will be muted […]
For the quarter, which ended Oct. 29, Chewy’s net sales came in at $2.74 billion. This was 8% higher than in the same period of 2022, but didn’t quite reach the average analyst estimate of $2.76 billion. The same applied to Chewy’s GAAP (generally accepted accounting principles) net loss, which was nearly $36 million ($0.08 per share), compared to a profit of $2.3 million in the prior-year period.
Chewy and Dollar General are both seeing heavy options activity this afternoon
Pet suppliers like Chewy and Petco are guiding stock analysts to lower expectations due to challenging economic conditions. They blame fewer pet adoptions since the pandemic ended and slower economic conditions which are leading to less discritionary spending among pet owners. Chewy’s stock has fallen 49% this year, while Petco has dropped 64%.
Chewy reported disappointing numbers Thursday morning and the stock price slumped. Let’s check the charts and indicators. In the daily bar chart of CHWY, below, I can see that the shares have declined the past 12 months.
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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