Chewy Q2 Revenue Beats, Raises Full-Year Outlook on Autoship Strength
CHWY sits 36% above its 52-week low of $17.4.
Summary
Chewy's Q2 revenue rose 7.3% to $3.33B, edging past the $3.32B consensus, with adjusted EPS of $0.36 and net income of $80.5M. Autoship sales grew 9.3% and now account for 84.6% of net sales, underscoring the durability of recurring revenue. Management raised full-year revenue and profitability guidance, citing customer growth and engagement investments. This follows the $600M term loan secured in June and ongoing buybacks, reinforcing a solid balance sheet. The stock trades at 23x forward earnings, with a median price target of $31, implying 33% upside from the prior close.
At the time of this announcement, CHWY was trading at $23.75 on NYSE in the Trade & Services sector, with a market capitalization of approximately $9.5B. The 52-week trading range was $17.40 to $43.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.