CHWY

Chewy, Inc.

44.35
USD
2.83%
44.35
USD
2.83%
22.22 66.40
52 weeks
52 weeks

Mkt Cap 4.73B

Shares Out 106.58M

Chat
Send me real-time posts from this site at my email

Chewy gains sharply on suggestion of stronger than expected Q3 sales

Chewy (NYSE:CHWY) was among Wednesday’s biggest gainers after data from market research firm YipitData suggested the company is due to exceed Q3 sales estimates. Per the data provider, the pet-focused e-commerce company is “trending above consensus” in terms of sales despite persistent inflationary pressure on consumers. According to SeekingAlpha data, analysts are anticipating $2.46B in sales, an 11.36% jump from 2021. Shares of Chewy (CHWY) rose over 6% at an intraday high prior to moderating gains near 3% later in Wednesday’s session. The stock has run to a double-digit gain thus far in the first week of October, bolstered by a 6.09% rise amid Tuesday’s rally. The company’s next earnings report is expected to take place in early December. Read more on the recent upward trend for many e-commerce stocks this week.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue