Chewy (CHWY) Reports Roughly In-Line Q2 Revenues
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September 2, 2021 7:46 AM EDT
Jefferies analyst Stephanie Wissink lowered the price target on Chewy Inc. (NYSE: CHWY) to $100.00 (from $107.00) while maintaining a Buy rating.
The analyst commented, "Q2 results were in range with 21% customer and 14% NSPAC growth. Shares traded lower post-market to reflect the narrow focus on... More
September 2, 2021 6:10 AM EDT
Shares of Chewy (NYSE: CHWY) are down nearly 10% after pre-open Thursday after the companys Q2 results came in below expectations.
Chewy reported Q2 revenue of $2.16 billion versus the consensus estimate of $2.17 billion. Earnings per share came in at a negative $0.04 to miss on the expected loss of $0.04 per share.
We have now crossed the halfway point of 2021, and our results once again demonstrate the strength of our business model and the incredible bond between pets and pet parents, said Sumit Singh, Chief Executive Officer of Chewy.
Our business remains healthy,... More
