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home / news releases / CHWY - Chewy Earnings: Disappointing Outlook Moved To A Sell

CHWY - Chewy Earnings: Disappointing Outlook Moved To A Sell

Chewy Inc. Class A

2024-03-21 09:15:00 ET

Summary

  • Chewy has a strong balance sheet with no debt and a significant amount of cash, providing stability for the stock.
  • The business is experiencing slow growth and the stock is priced at 13x EBITDA, leading to a downgrade to a sell rating.
  • Chewy expects revenues to grow by 8% in 2024, but the best-case scenario for EBITDA is $540 million, resulting in a stretched valuation.
  • I'm downwards revising CHWY stock to a sell.

Investment Thesis

Chewy ( CHWY ) delivered unimpressive guidance together with its fiscal Q4 2023 results ....

For further details see:

Chewy Earnings: Disappointing Outlook, Moved To A Sell
Stock Information
Company Name: Chewy Inc. Class A
Stock Symbol: CHWY
Market: NYSE
Website: chewy.com
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