E-commerce pet food and supplies retailer Chewy (NYSE:CHWY) will be reporting earnings tomorrow before market hours. Here’s what you need to know.
Chewy beat analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $2.88 billion, up 4.8% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates.
Is Chewy a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Chewy’s revenue to grow 13.2% year on year to $3.20 billion, improving from the 4.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.20 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Chewy has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 0.5% on average.
Looking at Chewy’s peers in the online retail segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Carvana delivered year-on-year revenue growth of 46.3%, beating analysts’ expectations by 6.2%, and Revolve reported revenues up 13.9%, topping estimates by 3.8%. Carvana traded down 12% following the results, while Revolve was also down 5.2%.
Read our full analysis of Carvana’s results here and Revolve’s results here.
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