On Wednesday, Chewy Inc. (NYSE:CHWY) reported better-than-expected second-quarter 2024 results and reaffirmed annual guidance.
The company reported sales of $2.86 billion, up 2.6% year over year, almost in line with the consensus of $2.86 billion and the management guidance of $2.84 billion—$2.86 billion.
The retailer of pet supplies reported adjusted EPS of $0.24 compared to the consensus of $0.02 and $0.15 a year ago.
JP Morgan analyst writes, “We’re encouraged that Chewy’s Active Customers returned to growth for the first time since 1QFY23, building on potential industry greenshoots seen at 1QFY.”
Though Chewy maintained ...
