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CHWY

Could it be... GMEEarnings next week. Kitty head master tweeted. Let's see what happens. Looks nice on the weekly but who knows if it has another move in it. Keeping an eye on volume. If anything GME could see one last major move higher but that's based purely on gut feel and chart setup right now. Could also dump, but $20 seems to be pretty sound support. The break of the major downtrend is pretty bullish after years of downwards chop. GME/CHWY ratio. GME looks to be near the bottom of range could see another top towards high of range.
NYSE:GMELong
by bhx10
2
Chewy ($CHWY) Q2 Results: A Mixed Bag with Promising PotentialChewy Inc. (NYSE: NYSE:CHWY ), the well-known e-commerce pet food and supplies retailer, reported its Q2 FY2024 results in line with expectations, showcasing a mix of stable revenue growth and improved profitability metrics. The company, founded by Ryan Cohen (known for his involvement in GameStop), continues to hold its ground in the e-commerce sector, benefiting from strong consumer demand and shifting shopping habits. Fundamental Highlights Chewy's Q2 CY2024 earnings reflect moderate revenue growth and better-than-expected profitability: Revenue: Chewy's revenue rose 2.6% year-over-year to $2.86 billion, slightly surpassing analyst estimates of $2.86 billion. Though this is a modest increase, it aligns with market expectations and highlights the company's ability to maintain stable growth amid economic uncertainties. Non-GAAP earnings per share came in at $0.24, beating analysts' projections of $0.21 by 14.1%. This demonstrates Chewy’s ability to enhance profitability, driven by improved operational efficiencies and cost management. The gross margin expanded to 29.5% from 28.5% in the same quarter last year, indicating better cost controls and pricing strategies. While the EBITDA margin improved significantly to 5.1%, up from 3.2% a year ago, reflecting a strong bottom-line performance. Free cash flow margin also rose to 3.2%, compared to 1.8% in the previous quarter, signaling better cash management and liquidity. Strategic Positioning and Market Dynamics Chewy (NYSE: NYSE:CHWY ) remains a trusted destination for pet owners, with a compelling value proposition that continues to drive customer engagement. The company boasts 20 million active customers and a record net sales per active customer of $565. As e-commerce adoption remains robust, Chewy is strategically positioned to capture future growth, although its recent growth rates have been modest compared to its previous trajectory. With the global e-commerce market still expanding, especially post-COVID, Chewy's investments in its logistics infrastructure and product portfolio should support its growth ambitions. However, the company's revenue growth, which averaged 12% over the last three years, was only 2.6% this quarter — highlighting the challenge of maintaining high growth in a more mature market. Technical Outlook From a technical perspective, Chewy’s stock ( NYSE:CHWY ) is showing bullish signs: Moving Averages: The stock is currently trading above its 50, 100, and 200-day moving averages, which suggests a bullish trend. This is typically seen as a positive indicator by technical analysts, indicating upward momentum. The RSI is currently at 64.34, approaching the overbought territory of 70. This suggests that while there is still room for upward movement, traders should exercise caution as the stock nears potentially overbought conditions. Chewy (NYSE: NYSE:CHWY ) has rebounded from a recent low and is moving toward a pivot point of $31.47. Investors might watch for a potential pullback or consolidation at this level before a possible new upward move. Conclusion: A Balanced Perspective Chewy's Q2 results reflect a stable performance with room for growth. The company’s improved margins and profitability highlight its operational strengths, while its technical indicators suggest potential bullish momentum. However, with its revenue growth tapering, Chewy will need to find new ways to reignite its expansion. As consumer preferences continue shifting online and pet ownership remains strong, Chewy is well-positioned for future gains — but cautious optimism remains the key.
NYSE:CHWYLong
by DEXWireNews
Chewy about to explode (6,000x RETURN options idea inside)Already broke out and retested. Now it's ready to blast-off. Funny thing is, NYSE:CHWY correlates with silver at almost 80% correlation! Unfortunately, NYSE:CHWY hasn't blasted off like silver and the correlation got cut in half (link to charts in comments). MACD is signaling a blast-off also... August calls are going for $20 for $55 strike price, price could go up to $100 if it correlated again with silver. This play could 10x and go up to 60x return!!!
NYSE:CHWYLong
by EmptyEternity
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's (NYSE: $CHWY) Road to Strategic Stabilization Despite Chewy A (NYSE: NYSE:CHWY ) currently being in a falling trend channel in the medium long term, there are positive signals for potential recovery. The recent break of a resistance level suggests a positive shift in the long-term trading range. Additionally, the identified support at $17.00 provides a potential floor, indicating a level where investors may find value. While acknowledging the challenges, the positive signals suggest that Chewy A (NYSE: NYSE:CHWY ) might be entering a phase of stabilization and potential upward movement.
NYSE:CHWYLong
by DEXWireNews
1
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
CHWY | SHORT | Rare opportunityNYSE:CHWY My friends, allow me to present to you one of the easiest and most profitable trades I have recently discovered. This trade offers an impressive risk-reward ratio of 1 to 6.5. Once it hits the bearish trigger line, I will open the short position. It's likely that we'll witness some struggle from the bulls as they attempt to hold the last line of defense. However, when the price loses that critical line, it creates a clear path for the price to fill the gap. Remember, trading always carries risks, but with careful analysis and a sound strategy, opportunities like this can present attractive potential gains. As always, prudent risk management and careful monitoring of the trade will be essential for success
NYSE:CHWYShort
by shkspr
3