From Financial Modeling Prep: 2024-07-09 16:58:00

Argus analysts downgraded Chewy (NYSE:CHWY) to Hold from Buy, citing impressive growth and market share expansion in the pet e-commerce sector. Despite revenue tripling to $11 billion since its 2019 IPO and strong margins, caution is advised due to near-term prospects. Chewy’s gross margin increased by over 800 basis points to 28.3%, and adjusted EBITDA margin grew by nearly 1,000 basis points.



Read more at Financial Modeling Prep:: Argus Downgrades Chewy to Hold, Citing Near-Term Concerns Despite Market Share Growth