Chewy Stock Comes to Life After Earnings
Shares of online pet food retailer (NYSE: CHWY) jumped as much as 31.4% this week after reporting quarterly earnings, according to data provided by S&P Global Market Intelligence. At 3:30 p.m. ET, shares were still up 27.2% for the week and holding strong.
Sales were only up 3.1% in the quarter to $2.88 billion, but net income more than tripled from a year ago to $67.3 million, or $0.15 per share. Management said gross margins improved 130 basis points to 29.7%, and net margin jumped 150 basis points to 2.3%.
Chewy's growth has leveled off, but margins have improved rapidly over the last five years, and the company is now reporting consistent, increasing profits.
Source Fool.com
Chewy Inc Stock
€25.82
-0.350%
With 38 Buy predictions and 4 Sell predictions Chewy Inc is one of the favorites of our community.
As a result the target price of 29 € shows a slightly positive potential of 12.32% compared to the current price of 25.82 € for Chewy Inc.
