JPMorgan analysts remain positive on Chewy Inc (NYSE:CHWY) heading into earnings next week.
What To Know: Chewy is due to report second-quarter financial results before the market opens on Aug. 28. Consensus estimates call for earnings of 3 cents per share on revenue of $2.856 billion, per Benzinga Pro.
In a new note to clients Thursday, JPMorgan analyst Doug Anmuth reiterated an Overweight rating on the stock.
Chewy is the largest pure-play online pet retailer in the U.S., he said.
“We believe pet is a growing and highly attractive category that is early in the shift online (~36% penetration in FY23), and, in our view, Chewy is well positioned ...
