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Chewy

Chewy Stock Surges 25.37% on First Quarter 2024 Financial ResultChewy stock ( NYSE:CHWY ) surged 25.37% on the first quarter 2024 financial result, following a strong Q1 2024 earnings report that beat Wall Street estimates and an increase in Autoship sales. The company reported adjusted earnings of 31 cents a share on revenue of $2.88 billion for the quarter ended April 28, beating analysts' expectations of 20 cents a share on revenue of $2.85 billion. In the same period last year, the company posted earnings of 20 cents a share on revenue of $2.79 billion. Chewy ( NYSE:CHWY ), a pet supplies website, is known for its Autoship offering, which allows users to have items scheduled to automatically be delivered at their home for a discount. During the quarter, Chewy reported a 6.4% increase in Autoship customer sales from a year ago to $2.23 billion. The pandemic-driven surge in pet adoptions during the height of Covid-19 saw a jump in demand, but adoptions have slowed and rising prices have seen Chewy ( NYSE:CHWY ) take a hit. The company's financial results for the first quarter of fiscal year 2024 ended April 28, 2024, showed strong net sales and record-breaking Adjusted EBITDA. Technical Outlook Chewy stock ( NYSE:CHWY ) stock is up 26% as of the time of writing prior to the earnings beat. The stock's Relative Strength Index (RSI) of 74.51 signifies the stock is currently overbought.
NYSE:CHWYLong
by DEXWireNews
Chewy Faces Pet Industry Headwinds: Will the E-Tailer Persevere?Despite delivering better-than-expected quarterly results, the online pet food and accessories retailer faces headwinds stemming from moderating pet ownership trends. While Chewy's ( NYSE:CHWY ) outlook may have dampened investor sentiment, its commitment to continued growth and market share expansion remains steadfast. Navigating Market Volatility: Chewy's ( NYSE:CHWY ) fiscal fourth-quarter earnings report initially sparked optimism, with earnings per share surpassing estimates and revenue exceeding expectations. However, concerns over a 2% year-over-year decline in active customers and a cautious outlook for the pet industry tempered investor enthusiasm. As a result, Chewy ( NYSE:CHWY ) shares experienced a premarket decline, reflecting market uncertainty surrounding the company's future trajectory. Challenges Amidst Opportunities: The e-tailer's warning about moderating pet ownership growth reflects broader industry trends influenced by shifting consumer behaviors. While pandemic-induced pet adoptions initially surged, the return to office mandates and inflationary pressures have tempered this momentum. Despite these challenges, Chewy ( NYSE:CHWY ) remains optimistic about its prospects, citing continued adjusted EBITDA margin expansion and a commitment to gaining market share. Charting a Path Forward: Chewy's ( NYSE:CHWY ) stock performance mirrors the company's broader challenges, with shares drifting sideways since late September within a longer-term downtrend. The 50-day moving average, acting as a resistance level, has exerted downward pressure on the stock price. However, attention now turns to the February swing low at $15.78 to $14.5, which could serve as a crucial support level. A reversal at this juncture could signal a potential short-term bottom and pave the way for a reversal in fortunes. Future Prospects and Resilience: Despite near-term uncertainties, Chewy's resilience and strategic initiatives position it favorably for future growth. The company's focus on customer experience, product innovation, and digital capabilities underscores its commitment to staying ahead in a rapidly evolving market.
NYSE:CHWY
by DEXWireNews
chewy $chwy #chwy Even in recession people seem to have a way of keeping their pets fed. Not sure about other countries but in the U.S., we often find that when people are doing poorly, they tend to spend even more $ and time with their pets. This is so far the best opportunity since 2020 to begin creating a long-term position. Also looks like a nice technical level to create a call position with a little bit of time on it. I could be wrong but I don't think they have even begun using the A.i. narrative yet in earnings calls and truth is they are the perfect kind of company to later realize that they can save a lot of $ and increase profits dramatically over the next few years with use of a.i. and robotics.
NYSE:CHWY
by rarebreed29
PROFIT: Finding TRADES on RED WEEKSHi Traders, Investors and Speculators of Charts📈📉 The markets are trading in the red and it can be hard to spot good trading opportunities during bloodbaths. On the charts, we're looking at: CHEWY NYSE:CHWY Spot position, anticipating trading back up towards the gap. +17% , low risk high reward trade WALT DISNEY NYSE:DIS Spot accumulation, potential for +153% increase. Very low risk and high reward setup TESLA NASDAQ:TSLA Long from trendline support, anticipated +28%, medium risk high reward setup LITECOIN BINANCE:LTCUSDT Short to next support zone, +12% medium risk medium reward setup _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
NASDAQ:TSLA
by CryptoCheck-
18
CHWY Chewy Options Ahead of EarningsIf you haven`t bought CHWY here: or sold it before the previous earnings: Then analyzing the options chain and the chart patterns of CHWY Chewy prior to the earnings report this week, I would consider purchasing the 30usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately 0.65. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:CHWYLong
by TopgOptions
3
Can They Build Some Short Term Basing?As much as I want to be bullish on CHWY, I think it requires more and time price. Resistance is obviously at 31.95 and another upside level at 32.89 / 34.30. Downside remains the near support level at 31.34 and lower levels of 30.72, 30, and 29.20. I'd be looking to see if the stock can begin to build on a base with large volume and continued higher closes from the prior close. We will see how this plays out with the stock. Good thing for the company is they have outstanding service (as a customer) and pets will always require purchasing demands. But, like other retailers, CHWY has the hurdles of overhead, shipping, inventory, and much more. I'll be watching to see how the price action revolves around the levels mentioned above. Just like healthcare; people will need to continue to feed their pets and acquire goods and services for them. So, how will economic conditions impact the purchasing power when it comes to 'finding the best deal'?
NYSE:CHWY
by bsdvs23
1
$CHWY - Bullish Engulfing Signals Potential ReversalNYSE:CHWY After a long downtrend, Chewy may have found it's bottom. Jan 24 gave a Bullish Engulfing candle at the $37.11 support. RSI poking above 50 for the first time since late Nov '21. MACD curling. Buy volume has been increasing since early December '21. Showing more buy volume and greater daily price action as price moves closer in an expanding pattern to the Aug '21 trend resistance. $51.04 and $56.35 are key levels to break, or a break outside the Aug '21 trend resistance. Otherwise this may be another bear flag in the downtrend. RSI, MACD, high buy volume, and increase in price action make this a promising watch. It's also possible to see this rejected at resistance and form a double bottom before being able to break out. Don't anticipate the move, but this is one to keep an eye on in the coming weeks.
NYSE:CHWYLong
by TheGritz
Time To Take A Bite Out Of Chewy (NYSE: $CHWY) 🍪Chewy, Inc., together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications. It offers approximately 70,000 products from 2,500 partner brands. The company was founded in 2010 and is headquartered in Dania Beach, Florida.
NYSE:CHWYLong
by RedHotStocks
3