Chewy, Inc. operates as a pure-play pet e-tailer in the United States. It supplies pet medications, food, treats and other pet-health products and services for dogs, cats, fish, birds, small pets, horses, and reptiles. The company was founded by Ryan Cohen and Michael Day in September 2011 and is headquartered in Dania Beach, FL.
The online pet retailer struggled to attract buyers in the second quarter, resulting in lower subscriber growth year-on-year.
It was a fur-ociously good quarter for Chewy as it earned a surprise profit of $22.2mn and posted a strong full-year outlook.
Ryan Cohen’s pet retailer gives investors a sweet serving of Q1 earnings, and they hungrily come back for more after seeing guidance.
Activist investor Ryan Cohen has been busily telling meme stocks how to best turn around their business, but seems to have forgotten you can’t leave a pet alone for that long.
JP Morgan thinks Chewy has bitten off more than it can, ahem, chew, and investors are struggling to digest the news.
Chewy’s Q3 earnings are a bit of a dog's breakfast, sending the stock popping and dropping as investors chew on the results.
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