By Dhirendra Tripathi
Investing.com – Chewy stock (NYSE:CHWY) stock plunged 10% in Thursday’s premarket trading as second-quarter revenue and earnings came in below estimates and its reiteration of guidance disappointed.
Net sales grew 27% to $2.16 billion, fractionally below the $2.17 billion analysts estimated. The company had produced a strong series of numbers as broader pet ownership became one of the less-expected side-effects of pandemic-induced lockdowns. That trend is now easing as economies reopen, people step out and pet adoption reverts to normal levels.
The company said gross customer additions are running higher than pre-pandemic levels, but below the record it saw last year at the peak of the pandemic.
The company closed the second quarter with 20.1 million customers, a rise of 21% on-year. Second-quarter net sales per active customer rose 14% to $404. Chewy CEO Sumit Singh has in the past said customers tend to spend more, the longer they stay on.
Adjusted net loss halved to 4 cents per share but was wider than the 1 cent that analysts estimated. Expenses, which jumped 31%, ate into margins.
The company has guided for annual revenue around $8.95 billion, up 25% from last year.
Chewy Slumps as Q2 Numbers, Annual Guidance Disappoint
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Don't worry. There's a simple way to play defense.
Two of the three haven't been big winners for Buffett so far this year. But that could soon change.
Warren Buffett is considered by many to be the most successful investor in history. Today, a single share of Berkshire Hathaway's class A stock goes for roughly $427,000 — up more than 2,247,000% since Buffett took over as the company's CEO in 1965. With that incredible performance in mind, a panel of Motley Fool contributors has identified three stocks in Berkshire portfolio that look primed to deliver wins.
It’s an eerie coincidence that a trade of this size happened on exchanges with ties to Chinese customers during a week beset by that country’s capital market woes.
Daily Journal, which Charlie Munger serves as chairman, bought more Alibaba shares in the third quarter, when they were tumbling.
Barron's just drove in a new all-electric F-150 Lightning. We were impressed. The drive is great, but it's the features that really get our juices flowing.
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A White House study says the wealthiest households pay an average tax rate of 8.2%. If that’s right, the Biden administration has a firmer case for raising taxes on the ultrarich.
Each week Trifecta Stocks identifies names that look bearish and may present interesting investing opportunities on the short side. Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet's Quant Ratings, we zero in on five names. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist?
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The tax advantages of a Roth IRA also make it an excellent tool for leaving tax-free money to your heirs.
Today we will run through one way of estimating the intrinsic value of ChemoCentryx, Inc. ( NASDAQ:CCXI ) by taking the…
Shares of ChemoCentryx (NASDAQ: CCXI) soared 96% on Friday after the biopharmaceutical company received Food and Drug Administration approval for its treatment for a rare autoimmune disease. ChemoCentryx's orally administered drug, avacopan, will be sold under the brand name Tavneos. "Today is a momentous day in the history of ChemoCentryx; the culmination of decades of effort aimed at offering new hope to patients with this and other debilitating and deadly diseases," CEO Thomas Schall said in a press release.
In this article, we will be taking a look at the 11 dividend aristocrats with over 3% yield. If you want to skip our detailed analysis of dividend investing, you can go directly to the 5 Best Dividend Aristocrats with over 3% Yield. When it comes to dividend investing, one must almost always consider it […]
Three Motley Fool contributors offered their best stock picks that can safely grow your money over the long term. Here's why they chose Walt Disney (NYSE: DIS), Starbucks (NASDAQ: SBUX), and Coca-Cola (NYSE: KO). John Ballard (Walt Disney): Disney has entertained generations of fans for nearly a century and will still be entertaining people decades from now.
By Dhirendra Tripathi