Chewy, Inc


SKU: CHWY Category:


Chewy delivered a mixed result in the recent quarter, with revenues below market expectations, but it surpassed the analyst consensus in earnings. This quarter saw a remarkable $2.74 billion in net sales, an 8% surge, outpacing an industry that experienced low single-digit growth. While active customers saw a marginal decline as projected, Chewy maintains confidence in its ability to enhance customer engagement and trends, anticipating a recovery in the macro environment and pet household formation. Customer engagement remained robust, driven by the industry-leading mix of nondiscretionary consumables and health, further fortified by the Autoship subscription service. Notably, the pharmacy segment has become a significant business. Chewy’s strategic expansion into Canada has proven promising, with strong customer demand, healthy Autoship sign-up rates, and high customer satisfaction, setting the stage for a bullish future. Addressing Black Friday and Cyber Monday performance, Chewy observed robust customer purchasing intent, surpassing expectations across all categories. They further launched Chewy Vet Care for pet health services. New customer acquisition during this period was also 40% higher than the Q3 weekly average, affirming the resonance of Chewy’s value proposition even in opportunistic consumer spending environments.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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