Market News

Investors Smack CHWY’s Nose despite Winning Earnings

Shares of Chewy (NYSE:CHWY) fell in after-hours trading after the company reported earnings for its fourth quarter of Fiscal Year 2022. Earnings per share came in at $0.16, which beat analysts’ consensus estimate of -$0.11 per share. Sales increased by 13.4% year-over-year, with revenue hitting $2.71 billion. This beat analysts’ expectations of $2.65 billion.

Chewy managed to boost its gross margin by 270 basis points, which represented a 28.1% gain in year-over-year comparisons. Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at $92 million, which was up $120.1 million from the same time the previous year. Chewy’s adjusted EBITDA margin, meanwhile, came in 460 basis points higher than the same time last year, representing a 3.4% gain.

Overall, Wall Street has a consensus price target of $45.33 on Chewy stock, implying 20.05% upside potential, as indicated by the graphic above.


Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More