Why Chewy Stock Was Diving This Week
From Yahoo Finance: 2025-06-13 14:56:00
Chewy, the pet care specialist, released its first quarterly earnings report for the year, surpassing analyst expectations for revenue and profitability, but not by a large margin. Despite this, the stock price fell by nearly 15% due to a poorly received report. Chewy managed to grow net sales by over 8% to $3.1 billion, with adjusted net income just under $149 million. However, the stock remains expensive with a forward P/E ratio of almost 36. Analysts adjusted their price targets, with some lowering estimates. While Chewy has potential, investors may want to consider other stocks with higher growth potential.
Read more at Yahoo Finance: Why Chewy Stock Was Diving This Week