Is Chewy a Buy After Its Latest Earnings Report?
Chewy fell 11% yesterday as the once-strong growth story seems to be falling apart.
Overview
Shares of Chewy (NYSE:CHWY) fell 11% on Wednesday after the online pet-supplies retailer reported disappointing results in its second-quarter earnings report.
Chewy posted revenue growth of 7.3% to $3.33 billion, which was slightly ahead of estimates at $3.32 billion. However, excluding its acquisitions of SmartPak and Modern Animal, revenue was up just 5.7%.
Details
Further down the income statement, gross margin held steady at 30.4%, and adjusted earnings per share improved from $0.33 to $0.36, which matched estimates.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.