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Pet Industry

All articles tagged with #pet industry

business1 year ago

Chewy Stock Soars on Q1 Earnings Beat and Growth in Auto Deliveries

Chewy's stock surged after the company reported a 6.4% year-over-year growth in automated deliveries and a Q1 earnings beat. CEO Sumit Singh discussed the normalization in the pet industry, driven by balanced pet adoption rates and demand tailwinds. Despite a decline in active customers for the sixth consecutive quarter, the company saw positive performance in non-discretionary items and introduced a new membership program. High short interest in Chewy's shares also contributed to the stock's rally.

via Yahoo Finance|
#automated-deliveries#business#chewy
business1 year ago

"Chewy Stock Soars on Strong Earnings and Rising Autoship Sales"

Chewy's shares surged 27% after the company reported better-than-expected earnings and announced a $500 million share repurchase program. Despite a decline in active customers, revenue per customer increased, and the company achieved positive profitability. However, investors are advised to remain cautious as the stock's rise may be short-lived due to high short interest and ongoing customer attrition.

via Yahoo Finance|
#business#chewy#earnings
business1 year ago

"Analyzing Chewy's Q4 Earnings and Stock Performance"

Chewy, Inc. (NYSE:CHWY) beat earnings expectations for Q4 2023, reporting EPS of $0.11 compared to the expected $0.1. The company's net sales for the quarter increased by 4% to $2.83 billion, with full-year 2023 net sales reaching $11.15 billion, representing a 10% year-over-year growth. Chewy's CEO, Sumit Singh, highlighted the company's ability to deliver market share gaining growth, expand margins, and accelerate free cash flow generation. The company also discussed its strategic priorities, including the launch of Chewy Vet Care clinics and its outlook for the pet industry in 2024. Newly appointed CFO, David Reeder, expressed confidence in Chewy's long-term financial model and outlined the company's first quarter and full-year 2024 outlook, anticipating continued growth and profitability.

via Yahoo Finance|
#business#chewy-inc#earnings-call
pet-industry2 years ago

"Purina Debunks Viral Pet Food Safety Concerns"

Purina has refuted online rumors alleging that its pet food has caused illness in hundreds of animals, emphasizing that there are no health or safety issues with its products. The company conducts 100,000 quality checks daily to ensure the safety of its pet food. Purina urged consumers to reach out with any concerns and advised researching the sources of online posts, while also recalling some prescription dog foods last year due to elevated levels of vitamin D.

via Fox Business|
#pet-food#pet-industry#purina
business2 years ago

Cramer advises caution in pet industry post-Covid spending hangover.

The post-Covid spending hangover has made people more selective with their spending, and the pet industry is no exception. While the "humanization of pets" trend is still in play, not all pet companies stand to benefit. Pure pet plays like Petco and Chewy have become controversial stocks, but General Mills and Smucker are good options for those who want to invest in the pet theme without taking on too much risk.

via CNBC|
#business#consumer-spending#covid-19