Chewy Inc Stock Price, News & Analysis

Chewy, Inc. (NYSE: CHWY) will announce its fiscal third quarter 2022 financial results on December 8, 2022, after market closure. A conference call to discuss these results will take place at 5:00 pm ET. Interested investors can participate by calling the designated numbers provided for both the live event and the replay, which will be available until December 15, 2022.

Chewy aims to be a trusted online source for pet products, offering over 100,000 items from more than 3,000 trusted brands.

Chewy, Inc. (NYSE: CHWY) is launching a holiday initiative titled "Letters to Chewy Claus", aiming to create joy for pets nationwide. The program allows pets to send holiday wish lists, and Chewy Claus will fulfill these wishes by delivering gifts to pets. Furthermore, for every letter submitted before December 15, Chewy will donate one pound of food to shelters, up to 15,000 pounds. Chewy also plans to match customer purchases with product donations, totaling up to $10M during their Season of Giving, which runs until January 3, 2023.

Chewy, Inc. (NYSE: CHWY) is expanding its CarePlus insurance offerings by partnering with Lemonade (NYSE: LMND) to provide new pet health plans. This collaboration allows Chewy customers to customize insurance plans while benefiting from telehealth services and Chewy Pharmacy. The new plans aim to make pet healthcare more accessible, with features such as an intuitive Lemonade app for hassle-free claims and policy management. The CarePlus with Lemonade plans will launch on Chewy.com in Spring 2023, enhancing customer experience and commitment to innovation in pet healthcare.

Chewy, Inc. (NYSE: CHWY) reported its Q2 2022 financial results, achieving net sales of $2.43 billion, a 12.8% increase year-over-year. The company demonstrated improved operational efficiency with a gross margin of 28.1%, up 60 basis points. Despite a net income of $22.3 million affected by $39.7 million in share-based compensation, adjusted EBITDA rose significantly by $59.8 million to $83.1 million, reflecting a robust adjusted EBITDA margin of 3.4%.

Chewy, Inc. (NYSE: CHWY) will report its fiscal second quarter 2022 financial results on August 30, 2022, after market close. A conference call will be held at 5:00 pm ET to discuss the results. Investors can access the call via a toll-free number or through a webcast on the company's investor relations page. The replay will be available for a limited time following the live event. Chewy aims to be the leading online source for pet products, emphasizing customer engagement and loyalty through a wide selection of quality products.

Chewy (NYSE: CHWY) has expanded its pet health offerings with the introduction of CarePlus, a suite of insurance and wellness plans now available in 31 states, aiming for nationwide availability by late 2022. CarePlus provides 24/7 access to customer care, telehealth services with licensed veterinarians, and covers 100% of eligible prescription costs. Plans start at $20 per month, offering preventative care and financial support for accidents and illnesses. This initiative is part of Chewy's goal to enhance pet healthcare accessibility and affordability.

Chewy surpasses $100 million in donations to support over 9,000 non-profit organizations through its Chewy Gives Back program since 2012. This initiative has provided more than 96 million meals and 64 million pounds of pet food to pets in need across 50 states. Chewy's efforts include innovative tools like the Wish List for shelters and an Adoptable Pets service, reinforcing its commitment to animal welfare. The company emphasizes community partnership and seeks to enhance the lives of pets and their caregivers.

Chewy (NYSE: CHWY) reported its financial results for Q1 2022, ending May 1, with net sales of $2.43 billion, up 13.7% year-over-year. However, gross margin slightly declined to 27.5%, while net income was $18.5 million, reflecting a 100 basis point drop in net margin to 0.8%. Adjusted EBITDA fell 21.8% to $60.5 million, with a margin of 2.5%. Despite these challenges, CEO Sumit Singh expressed optimism about Chewy's growth trajectory and strategic initiatives.

Chewy, Inc. (NYSE: CHWY) will announce its fiscal first quarter 2022 financial results on June 1, 2022, after market close. A conference call will follow at 5:00 pm ET to discuss the results. Investors can participate via a toll-free number or listen online. The replay will be available shortly after the call until June 8, 2022. Chewy aims to be the leading online destination for pet products, emphasizing a wide selection and competitive pricing.