CHWY Jun 2024 50.000 call
| Previous close | 0.0100 |
| Open | 0.0800 |
| Bid | 0.0000 |
| Ask | 0.0800 |
| Strike | 50.00 |
| Expiry date | 2024-06-21 |
| Day's range | 0.0800 - 0.0800 |
| Contract range | N/A |
| Volume | |
| Open interest | 467 |
- Yahoo Finance Video
Chewy stock jumps on Q1 beat, growth in automated deliveries
Shares of Chewy (CHWY) are jumping following the company's latest earnings report, which saw its automated deliveries grow by 6.4% year over year. Chewy CEO Sumit Singh joined Yahoo Finance Executive Editor Brian Sozzi to discuss the "normalization" he observes in the pet industry, highlighted by demand tailwinds and more balanced pet adoption rates. Josh Lipton and Julie Hyman break down the company's first quarter earnings beat and highlight reasons to remain cautious. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This article was written by Gabriel Roy
- Yahoo Finance Video
Chewy's new vet clinics aim to reduce pet care costs: CEO
Pet owners must be more bullish than ever on taking proper care of their four-legged family members, as represented in Chewy's (CHWY) latest earnings beat. Shares of the online pet retailer are surging by over 25% on Wednesday morning as the company reports that first-quarter autoship sales — its automated or pre-scheduled deliveries of pet food and products — grew by 6.4% year-over-year. Yahoo Finance Executive Editor Brian Sozzi joins Catalysts to interview Chewy CEO Sumit Singh, who describes the "normalization" he is seeing in the pet industry highlighted by demand tailwinds and more balanced pet adoption rates. Through these trends and Chewy's autoship model, "[we're] able to attract the right type of consumers and get them to really spend on a repeat basis, we pass on value and we drive a ton of convenience and the overall value proposition is resonating really loudly," Singh says. While inflation on pet food and pet products is seeing slight month-over-month declines, top pet brands maintain very high prices. "What we could expect the latter half of this year is incremental discounting," Singh says, " as both vendors and retailers lean into both incent demand generation as well as conversion." Singh also addressed the loss of 95,000 active customers this quarter, Chewy's business model for its new vet clinics, and how it aims to keep costs down for pet owners. "Pet healthcare is expensive. [There's] a couple of ways that you could bring cost down, for example, is the advent and the growth of the insurance category," Singh explains. "When you look at kind of European countries or all the way to Australia and New Zealand, insurance has penetrated to sub kind of teens or mid 20% ranges. In the United States. it's sub 3%... but growing fast." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
Investor's Business DailyChewy Stock Catapults Above Key Level On Earnings, Buybacks, Optimism
On Wednesday, the provider of pet supplies said its board has authorized up to $500 million in repurchases of its class A and/or class B common stock, starting this quarter. Further, management said the pet industry is showing signs of recovery.
