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20.09.2019 01:38:00

Chewy Purrs in Q2 Despite Market's Disdain

Chewy (NYSE: CHWY) is still in the doghouse despite posting second-quarter results that beat analysts' expectations on the top and bottom lines, and its guidance exceeding Wall Street's forecast for the full year.Chewy's stock is down nearly 10% since the company reported earnings, and perhaps the problem is that they confirmed that growth is slowing. However, it doesn't seem like the market should have reacted so bearishly. Chewy is delivering strong customer gains and margin expansion, indicating customers still want to spend, so although it's battling Amazon.com for preeminence, it looks like the online pet supplies retailer is ably managing its expansion.Image source: Getty Images.Continue reading
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