Pet products retailer Chewy's Q2 revenue edges past estimates on recurring sales strength
CHWY•Outlook
- Chewy raises full-year revenue and profitability outlook
- Company cites recurring revenue and customer growth as drivers for improved outlook
- Chewy plans to continue investing in opportunities to deepen customer engagement
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Revenue | Slight Beat* | $3.33 bln | $3.32 bln (23 Analysts) |
| Q2 Adjusted EPS | $0.36 | ||
| Q2 Net Income | $80.5 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"
- Wall Street's median 12-month price target for Chewy Inc is $31.00, about 33.2% above its September 8 closing price of $23.27
- The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago
