Chewy, the e-commerce pet food and supplies retailer, will announce earnings this Wednesday before market hours. Analysts expect revenue to grow 6.9% year on year, slowing from the 8.6% increase in the same quarter last year. Last quarter, Chewy met revenue expectations with $3.36 billion, up 7.7% year on year, and impressed with an EBITDA beat. Analysts have generally reconfirmed their estimates over the past 30 days, and Chewy rarely misses revenue expectations. Peers Revolve and Amazon reported strong Q2 results, with Revolve up 12.4% and Amazon up 19.6%, both beating expectations. Chewy shares are up 4.7% over the past month, with an average analyst price target of $30.32 versus the current price of $23.66.
Chewy IncChewy reports earnings tomorrow; analysts expect revenue growth and have reconfirmed estimates, but outcome unknown.
Revolve Group LLC
Amazon.com Inc