Chewy shares are trading lower by 9.2% over the trailing five sessions. The stock has been volatile after the company last week reported fourth-quarter earnings, surpassing analyst expectations.
Chewy’s Autoship program, which allows users to schedule recurring deliveries of pet supplies, has supported sales growth in the past few quarters. Last year, the company also launched pet clinics.
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Chewy posted Q4 revenue of $3.25 billion, surpassing estimates, with EPS of $0.28. Autoship sales rose 21.2%, and the company projects up to $12.45 billion in 2025 sales.
E-commerce pet food and supplies retailer Chewy (NYSE:CHWY) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 14.9% year on year to $3.25 billion. Its non-GAAP profit of $0.28 per share was 36.6% above analysts’ consensus estimates.
Chewy has been navigating a competitive pet e-commerce market, benefiting from strong customer loyalty and subscription-based sales but facing challenges from slowing consumer spending and rising costs.
