Chewy Inc. (CHWY) PT Lowered to $35 at Wedbush

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Go back to Chewy Inc. (CHWY) PT Lowered to $35 at Wedbush

Chewy (CHWY) Shares Drop 10% on Lowered Guidance, Analysts Cut Numbers

August 31, 2022 8:30 AM EDT

Shares of Chewy (NYSE: CHWY) are down over 10% in pre-open Wednesday after the company reported mixed results and slashed its full-year guidance.

Chewy reported revenue of $2.43 billion (up 12.8% year-over-year) and EPS of $0.05. This compares to the consensus of $2.45 billion in revenue and EPS of -$0.04.

We are proud of our second quarter 2022 performance and ability to deliver double-digit topline growth and margin expansion in a rapidly evolving macro environment,... More

Chewy Inc. (CHWY) PT Lowered to $57 at Jefferies

August 31, 2022 8:28 AM EDT

Jefferies analyst Stephanie Wissink lowered the price target on Chewy Inc. (NYSE: CHWY) to $57.00 (from $60.00) while maintaining a Buy rating following results.

The analyst commented, "Q2 results will please some, but not all. Sales +12.8% at lower-end of "low-teens" but Adj-EBITDA... More