Chewy Inc.
- Chewy jumped 6.5% to 18.0 after the online pet food store reported better-than-expected fiscal first quarterly results.
Revenue in the fiscal first quarter increased to $2.9 billion from $2.8 billion, net income to $67.3 million from $22.8 million, and diluted earnings per share advanced to 15 cents from 5 cents a year ago.
Chewy also announced today that its board has authorized a share repurchase program of up to $500 million of its Class A and/or Class B common stock.
The company's active customer base in the quarter edged slightly lower to 20.0 million from 20.4 million a year ago, and net sales per active customer increased to $562 from $513 a year ago.
The company estimated net sales in the fiscal second quarter to range between $2.84 billion and $2.86 billion, an increase of between 2% and 3% from a year ago.
The company estimated fiscal year 2024 sales to range between $11.6 billion and $11.8 billion, an increase of between 4% and 6% from the previous year.
May 29, 2024 - Chewy Inc dropped 15.1% to $23.12 after the online pet food retailer said second quarter sales of $2.78 billion and diluted earnings per share of 4 cents.
The company said in a conference call with investors that active customers declined 0.6% to 20.4 million and customers are trading down amid high inflation.
Net sales for active customer increased 14.7% to $530 and auto customers sales increased 240 basis points to 75.5%.
Despite the customers substituting lower priced treats for pets, gross margin increased 20 basis points to 28.3%, indicating prudent promotional activities.
Net sales increased 14.3% to $2.78 billion and net income declined to $18.9 million from $22.3 million and diluted earnings per share fell to 4 cents from 5 cents a year ago.
Aug 31, 2023 - Chewy Inc soared 23.5% to $36.43 after the online retailer of pet foods reported better-than-expected quarterly results.
Net sales in the fiscal first quarter increased 14.7% to $2.78 billion and net income increased to $22.2 million from $18.5 million and diluted earnings per share rose to 5 cents from 4 cents a year ago.
Jun 1, 2023
| Year | Q1 | Q2 | Q3 | Q4 | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 0.02 | 0.05 | 0.04 | -0.08 | - | |
| 2022 | -0.15 | 0.04 | 0.05 | 0.01 | 0.12 | |
| 2021 | 0.05 | 0.09 | -0.04 | -0.08 | -0.18 | |
| 2020 | - | - | - | - | -0.23 | |
| 2019 | - | 0.08 | 0.21 | 0.20 | -0.63 | |
| 2018 | - | - | - | - | - | |
| 2017 | - | - | - | - | - | |
| 2016 | - | - | - | - | - | |
| 2015 | - | - | - | - | - |