Chewy's stock up 47% from last year, but down from peak, with positive revenue forecast.

From Nasdaq: 2024-12-20 02:01:56

Chewy’s stock has surged 47% in the last year to around $32, but it’s down 73% from its peak in February 2021. The company is experiencing an uptick in pet adoption rates and has issued an upbeat revenue forecast for the fourth quarter, with sales expected to increase by 13%.

In the fiscal third quarter, Chewy’s sales grew 5% year-over-year to $2.9 billion. The company added 200k new active customers and saw a 9% surge in Autoship sales. Gross margin expanded to 29.3%, and adjusted earnings per share climbed 33% year-over-year to $0.20. Chewy’s stock has performed worse than the market in recent years.

Chewy sells food and supplies for various pets and offers new industry categories like personalized products, pet insurance, and telehealth services. The company’s stock returns have been -4% in December 2024, 35% year-to-date, and 10% over the period 2017-2024. Consider investing in Trefis’ High Quality Portfolio for better returns with less risk.



Read more at Nasdaq: Chewy’s Stock Is Up 47%, What’s Next?