Benzinga
Published Mar 30, 2022 15:06
Updated Mar 30, 2022 15:40
Why Chewy Stock Is Trading Lower
Chewy Inc (NYSE: CHWY) is trading lower Wednesday after the company reported worse-than-expected top-line financial results.
Chewy said fourth-quarter revenue increased 17% year-over-year to $2.39 billion, which came in below the $2.42 billion estimate. The company reported a quarterly net loss of $63.6 million.
Analyst Assessment: Several analyst firms lowered price targets on the stock following Chewy's quarterly results.
The stock was down 14.1% at $43.82 at time of publication, according to data from Benzinga Pro.
Photo: mattycoulton from Pixabay.
Latest Ratings for CHWY
Mar 2022 | Deutsche Bank (DE:DBKGn) | Initiates Coverage On | Buy | |
Jan 2022 | RBC Capital | Initiates Coverage On | Outperform | |
Jan 2022 | Piper Sandler | Downgrades | Overweight | Neutral |
View the Latest Analyst Ratings
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