Is Chewy (CHWY) Stock Finally Turning a Corner After Guidance Beat?
TLDR
- Chewy stock rose 1.9% in premarket trading to $23.20 after raising its full-year sales guidance
- Q2 adjusted EPS came in at $0.36, matching Wall Street estimates
- Q2 net sales grew 7.3% to $3.33 billion, slightly above the $3.32 billion consensus
- Full-year net sales guidance raised to $13.46B-$13.57B, with the midpoint above analyst expectations
- Chewy stock is down roughly 34% over the past 12 months
Chewy stock climbed in premarket trading Wednesday after the pet supplies retailer lifted its full-year sales outlook, giving investors something to cheer about after a largely in-line earnings report.
The stock was up 1.9% to $23.20 before the open, following a 1.7% decline on Tuesday. The stock closed most recently at $23.27.
For the fiscal second quarter ended August 2, Chewy posted adjusted earnings of $0.36 per share. That matched the Wall Street consensus exactly, up from $0.33 a year ago.
CHEWY $CHWY Q2โ26 EARNINGS HIGHLIGHTS
๐น Revenue: $3.33B (Est. $3.32B) ๐ข; +7.3% YoY
๐น Adj. EPS: $0.36; +9.1% YoY
๐น Adj. EBITDA: $226.7M (Est. $211M) ๐ข; +23.7% YoY
๐น Adj. EBITDA Margin: 6.8% (Est. 6.5%) ๐ข; +90 bps YoYโฆ Continue reading the full article at the original source below.
