CHEWY Reports Second Quarter FY2024 Earnings Results Ending July 31 2023

September 7, 2023

🌥️Earnings Overview

On August 30 2023, CHEWY ($NYSE:CHWY) reported earnings results for the quarter ending July 31 2023. Total revenue for the second quarter of FY2024 was USD 2777.8 million, a 14.3% rise year-on-year. Net income, however, was down 15.2% on the same period in the previous fiscal year to USD 19.0 million.

Stock Price

The stock opened at $27.5 and closed at $27.3, up by 0.2% from its previous closing price of 27.3. CHEWY‘s second quarter earnings report showed strong financial results, which surpassed analysts expectations. This positive financial performance was largely attributed to CHEWY’s focus on innovation and customer satisfaction. The company’s investments in technology and product development have resulted in an improved customer experience and better operational efficiency. As a result, CHEWY has become a leader in the online retail space and is well positioned to continue growing in the future. Live Quote…

About the Company

  • CHEWY_Reports_Second_Quarter_FY2024_Earnings_Results_Ending_July_31_2023″>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Chewy. More…

    Total Revenues Net Income Net Margin
    10.8k 49.54 0.3%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Chewy. More…

    Operations Investing Financing
    525.12 -662.22 -12.59
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Chewy. More…

    Total Assets Total Liabilities Book Value Per Share
    2.9k 2.54k 0.85
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Chewy are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    22.3% 0.5%
    FCF Margin ROE ROA
    3.1% 11.4% 1.3%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we have conducted an analysis of CHEWY‘s fundamentals. Our Star Chart classified CHEWY as a ‘cheetah’ type company. We can conclude that such companies have achieved high revenue or earnings growth, however they are considered less stable due to lower profitability. Investors who may be interested in such a company include those looking for short-term capital appreciation and those with more of a growth focus. CHEWY has an intermediate health score of 6/10 with regard to its cashflows and debt, indicating that it is likely to pay off debt and fund future operations. The company is strong in growth, medium in asset, Profitability and weak in dividend. This means that investors can expect solid returns from CHEWY in the short-term, but should be aware of the risks involved with investing in a less profitable company. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    The Chewy Inc and its competitors are Amazon.com Inc, Wayfair Inc, Meituan, Walmart Inc, and Alibaba Group. These companies compete with each other in terms of product offerings, prices, and delivery times. Chewy Inc has an edge over its competitors because it offers a wide range of products, competitive prices, and fast delivery times.

    – Amazon.com Inc ($NASDAQ:AMZN)

    Amazon.com, Inc. is an American multinational technology company based in Seattle, Washington, that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Four tech companies, along with Google, Apple, and Facebook.

    As of 2022, Amazon has a market cap of 1.17T and a ROE of 6.04%. Amazon is a leading player in the e-commerce and cloud computing markets. The company has also been investing heavily in digital streaming and artificial intelligence.

    – Wayfair Inc ($NYSE:W)

    As of 2022, Wayfair Inc has a market cap of 3.42B and a Return on Equity of 29.2%. The company operates an online store that offers a variety of home goods, including furniture, d├ęcor, and housewares. Wayfair is headquartered in Boston, Massachusetts, and was founded in 2002.

    – Meituan ($SEHK:03690)

    Meituan is a Chinese e-commerce platform that offers on-demand services, including food delivery, hotel booking, and ticketing. The company has a market cap of 871.38B as of 2022 and a return on equity of -10.45%. Meituan was founded in 2010 and is headquartered in Beijing, China.

    Summary

    Investors have been paying close attention to CHEWY‘s second quarter earnings results for FY2024, which were reported on August 30 2023. The company reported total revenue of USD 2777.8 million, an increase of 14.3% compared to the prior year’s quarter.

    However, net income was USD 19.0 million, a decline of 15.2% from the same quarter in the previous year. While the top line results suggest that CHEWY is performing well, investors may be rightfully concerned about the drop in net income. It remains to be seen whether CHEWY can continue its growth trajectory and turn around the decline in profitability.

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