These Analysts Boost Their Forecasts On Chewy Following Earnings Beat

Chewy Inc. (NYSE:CHWY) on Wednesday reported better-than-expected earnings for the fourth quarter.

The company posted a fourth-quarter adjusted EPS of 28 cents, up 55.6% year-over-year, compared to the consensus of $0.05. The retailer of pet supplies reported sales of $3.25 billion. That's up 14.9% year over year, compared to the consensus of $3.2 billion and the management guidance of $3.18 billion-$3.2 billion.

“Topline growth and profitability exceeded the high-end of our guidance ranges for both the fourth quarter and full year 2024,” said Sumit Singh, CEO of Chewy. “Our performance was underpinned by strong active customer growth, and compelling Autoship customer loyalty. As we embark on 2025, the momentum in the ...