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Chewy shares fell more than 8% in early trading

Tiger Newspress2021-09-02

Chewy shares fell more than 8% in early trading.

Chewy posted a wider-than-expected loss for its second quarter and had slightly fewer active customers than Wall Street expected.

Chewy said it lost $17 million, or 4 cents a share, in the quarter, compared with a loss of $33 million, or 8 cents a share, in the year-ago quarter. FactSet consensus called for a quarterly loss of 2 cents a share.

Sales rose 27% to $2.16 billion, from $1.70 billion a year ago, and were in line with expectations and with the company's guidance.

Chewy, which sells a variety of pet products, said it ended the quarter with 20.1 million active customers, 21% more year-on-year. The analysts polled by FactSet expected the company to end the quarter with 20.4 million active customers.

The company has added more customers than before the pandemic, "but below the record levels we saw last year during the peak of pandemic-driven lockdowns," Chewy said.

Chewy stock price target cut to $90 from $100 at Wedbush.

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

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评论（20）

  • KSONG
    ·2021-09-02
    Like
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  • RobinTan81
    ·2021-09-02
    Like pls
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    • KSONG: 
      done
      2021-09-02
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  • fishfire
    ·2021-09-02
    Stock been dumped just like that after turning back to net loss in a quarter 
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  • Jennifer58
    ·2021-09-02
    Oh no
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    • Jennifer58: 
      Pls go back up
      2021-09-02
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  • JiaocyTi
    ·2021-09-02
    Cha nce
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    • JiaocyTi: 
      To buy
      2021-09-02
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  • GregLord
    ·2021-09-02
    Like please
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  • zaczhang
    ·2021-09-02
    Like
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  • SherryVJ
    ·2021-09-02
    Full-size 
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  • sgrs
    ·2021-09-02
    Ohno
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  • TianShou
    ·2021-09-02
    please comment and like 
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    • TianShou: 
      done
      2021-09-02
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    • Avester: 
      Ok
      2021-09-02
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    • HHTan: 
      Ok
      2021-09-02
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  • ValuInvestor
    ·2021-09-02
    Oh no!
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  • June_C
    ·2021-09-02
    All time favorite 
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    • sgrs: 
      hehe
      2021-09-02
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  • eric2310
    ·2021-09-02
    Like and comment please 🙏
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    • BraveAAC: 
      Done
      2021-09-02
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  • SherryVJ
    ·2021-09-02
    Zoom 
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    • eric2310: 
      Nice
      2021-09-02
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  • jellycube
    ·2021-09-02
    Awesome la
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    • SFInvest: 
      good
      2021-09-02
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    • jellycube: 
      like pls
      2021-09-02
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    • jellycube: 
      comment pls
      2021-09-02
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  • njkk
    ·2021-09-02
    Pls like thanks
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  • CasperLai
    ·2021-09-02
    Like this comment for prosperity
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    • kaite: 
      like
      2021-09-02
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    • 2f32b04d: 
      like
      2021-09-02
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    • Kkww88: 
      kk
      2021-09-02
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  • ACCY
    ·2021-09-02
    Good! 👍
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  • Dave123
    ·2021-09-02
    Like
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  • Pluto891
    ·2021-09-02
    what chewy's biz ?
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