Chewy: Rating Downgrade To 'Hold' As Management Guides For Slower Revenue Growth In FY24 [Seeking Alpha]
Chewy, Inc. Class A (CHWY)
Last chewy, inc. class a earnings: 12/9 04:15 pm
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Source: Seeking Alpha
The management has warned of a slowdown in revenue growth in FY24 in the 4-6% range, while Adjusted EBITDA is expected to grow to 3.8%. Although Chewy is seeing NSPAC expansion with deeper penetration of its Autoship program, Active Customers are declining, which is concerning. Furthermore, investor sentiment is dampened, as it is uncertain whether the initiatives of Vet Care and international expansion into Canada will translate to higher wallet share. Introduction & Investment Thesis Chewy, Inc. ( NYSE: CHWY ) is a pet e-commerce business that has severely underperformed the S&P 500 and Nasdaq 100 YTD. I initiated a "buy" rating on this stock in February, and my thesis was predicated on Recommended For You Recommended For You About CHWY Stock
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CHWY
News
- PetSafe® Introduces the World's Safest GPS Dog Fence and Tracker [Yahoo! Finance]Yahoo! Finance
- PetSafe® introduces its latest pet tech innovation with the world's first pumpless pet fountain [Yahoo! Finance]Yahoo! Finance
- Chewy: A Recurring Revenue Powerhouse Fueled By Pet Love [Seeking Alpha]Seeking Alpha
- Chewy, Inc. (NYSE: CHWY) had its price target lowered by analysts at Piper Sandler from $19.00 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- 10 smart devices that make pet parenting easier [FOX News]FOX News
CHWY
Earnings
- 3/20/24 - Beat
CHWY
Sec Filings
- 5/6/24 - Form 4
- 5/6/24 - Form 4
- 5/2/24 - Form 144
- CHWY's page on the SEC website