Chewy Inc Stock Price, News & Analysis

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.

Chewy, Inc. (NYSE: CHWY) reported a net sales of $2.39 billion for fiscal Q4 2021, a 17% increase year-over-year. However, the company faced a net loss of $63.6 million, which includes share-based compensation of $15.8 million. Gross margin decreased to 25.4%, down 170 basis points year-over-year. For the full year 2021, net sales reached $8.89 billion, a 24% increase from the previous year, while the total net loss was $73.8 million. Despite challenges, CEO Sumit Singh emphasized the company's innovation pipeline and customer loyalty.

Chewy, Inc. (NYSE: CHWY) is set to report its fiscal fourth quarter and full year 2021 financial results after market close on Tuesday, March 29, 2022. The announcement includes a conference call at 5:00 pm ET for management to discuss the results. Investors can access the live call through toll-free numbers or participate in a webcast available on Chewy's investor relations website. The replay will be available until April 5, 2022.