Chewy, Inc. (CHWY) has been a topic of discussion on Reddit forums, particularly following its recent earnings call. The company reported a 5% increase in Q3 net sales to $2.88 billion, with significant contributions from its Autoship program, which accounted for 80% of sales. Chewy also highlighted its expansion into Canada and the success of its Chewy Vet Care Clinics. However, challenges remain, such as the slow recovery in the hard goods category and increased marketing expenses. The competitive landscape and reliance on industry trends were noted as potential risks.
Reddit users have been actively discussing Chewy's performance and future prospects. One user on r/EarningsCalls highlighted the company's top-line growth and profitability, noting, "Chewy's Q3 net sales increased by approximately 5% to $2.88 billion, exceeding guidance." Another user expressed optimism about the company's strategic moves, particularly the expansion of its Chewy+ membership program and the positive growth in Canada. Meanwhile, a post on r/Daytrading mentioned a short setup for Chewy, indicating mixed sentiments among traders.
As of the latest update, Chewy's stock is trading at $31.50, reflecting a decrease of approximately 5.89% from the previous close.