CHWY Earnings Prediction
The chart below shows how CHWY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CHWY sees a +2.76% change in stock price 10 days leading up to the earnings, and a +1.58% change 10 days following the report. On the earnings day itself, the stock moves by +4.18%. This data can give you a slight idea of what to expect for the next quarter's release.
CHWY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.75B
8.44%
-1.42%
Gross Margin
28.47%
0.11%
0.53%
Operating Margin
-0.31%
-720.00%
6.90%
Net Margin
-1.29%
-1533.33%
-276.71%
EPS
-0.08
-900.00%
-260.00%
No Data Available
CHWY Earnings Analysis
Chewy, Inc. Corporation (CHWY.N) Earnings Conference Call
Positive
Net Sales Increase: Q3 net sales increased by approximately 5% to $2.88 billion, exceeding the high end of our net sales guidance range.
Autoship Sales Growth: Autoship customer sales reached $2.3 billion in the quarter, representing 80% of Q3 net sales and a year-over-year increase of approximately 9%.
Adjusted EBITDA Performance: We generated $138 million of adjusted EBITDA in the quarter, representing a 4.8% margin and approximately 180 basis points of margin expansion year-over-year.
Active Customer Growth: We ended the third quarter with approximately 20.2 million active customers, up 160,000 sequentially.
Free Cash Flow Report: We reported free cash flow of $151.8 million in the third quarter, reflecting $183.5 million of net cash provided by operating activities.
Negative
Net Sales Growth: Third quarter net sales grew 4.8% year-over-year to $2.88 billion, exceeding the high end of the guidance range provided last quarter.
SG&A Expense Analysis: Third quarter SG&A totaled $546 million or 19% of net sales, representing 90 basis points of improvement on a year-over-year basis.
Quarterly Net Income Report: Third quarter net income for the quarter was $3.9 million, translating into $0.01 earnings per share on both a basic and diluted basis.
Q3 Adjusted EBITDA Performance: We reported a third quarter adjusted EBITDA of $138.2 million, representing a 4.8% adjusted EBITDA margin and 180 basis points of year-over-year margin expansion driven by improvements in gross margin and SG&A described earlier.
EBITDA Margin Decline Expected: We expect fourth quarter adjusted EBITDA margin to decline sequentially due to typical seasonality and the timing of certain investments, primarily pertaining to marketing campaigns.
CHWY FAQs
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CHWY Earning Call Sentiment
Chewy, Inc. (CHWY) Q3 2024 Earnings Call Transcript
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CHWY.N
3.68%Positive
The earnings call summary and Q&A indicate strong financial performance with 5% net sales growth, 8.7% Autoship sales increase, and significant margin expansion. The positive outlook is supported by customer growth, effective cost management, and a healthy cash position. Despite some unclear management responses, the overall sentiment is optimistic, with raised guidance and strategic initiatives like vet clinics and mobile app engagement. The lack of material pricing benefit and some ambiguity in marketing strategies slightly temper the outlook, but the positives outweigh the negatives, predicting a positive stock price movement.
