Chewy’s results for Q2 reflected top-line growth ahead of Wall Street’s expectations but were met with a sharply negative market reaction. Management credited the quarter’s performance to increased penetration of its Autoship subscription program and strong growth in both the hard goods and health categories. CEO Sumit Singh highlighted the strength of Chewy’s Autoship offerings, which now account for a record share of sales, and ongoing improvements in customer quality and engagement. Management also pointed to gross margin expansion, driven by sponsored ads and a higher mix of premium products, as a key profitability lever.
Shares of e-commerce pet food and supplies retailer Chewy (NYSE:CHWY) jumped 2.8% in the afternoon session after the stock extended its positive momentum as Piper Sandler reiterated its "Overweight" rating and $48.00 price target on the company.
Shares of e-commerce pet food and supplies retailer Chewy (NYSE:CHWY) jumped 5.9% in the afternoon session after Piper Sandler reiterated its "Overweight" rating and $48.00 price target on the company.
Earnings misses, weak guidance, and downgrades drove large-cap decliners—led by Synopsys, Chewy, and The Trade Desk—while biotech trial updates and mixed analyst calls pressured others.
Markets had another strong week as inflaton data set the stage for the Federal Reserve’s meeting next week; a rate cut is expected but may already be priced in
The financial markets are on the cusp of a significant "Great Rebalancing," with small-cap and value stocks emerging from a prolonged period of underperformance to challenge the dominance of mega-cap technology and growth companies. As the Federal Reserve signals an increasingly dovish stance and the anticipation of interest rate cuts
Chewy's stock price hit a solid floor following the Q2 release, setting it up as a buy. The rebound could start quickly, aided by an FOMC policy shift.
E-commerce pet food and supplies retailer Chewy (NYSE:CHWY) reported Q2 CY2025 results beating Wall Street’s revenue expectations, with sales up 8.6% year on year to $3.10 billion. Its GAAP profit of $0.14 per share decreased from $0.68 in the same quarter last year.
Oracle surged to a record high on an avalanche of AI-related orders, triggering a wave of optimism across Wall Street. While the Dow retreated, the S&P 500 climbed to yet another record, as cooling producer prices raised hopes for interest rate cuts.
Shares of e-commerce pet food and supplies retailer Chewy (NYSE:CHWY) fell 15.8% in the morning session after its second-quarter financial results failed to impress investors, despite largely meeting Wall Street's forecasts.
