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home / news releases / chewy earnings overvalued and modest growth

CHWY - Chewy Earnings: Overvalued And Modest Growth

Chewy Inc. Class A

2024-05-29 10:34:20 ET

Summary

  • Chewy, Inc. stock jumped 15% after fiscal Q1 earnings, but it is likely just a relief rally.
  • The stock is too expensive at 21x forward free cash flow and should be avoided.
  • Chewy's revenue growth is slowing to around 7% y/y, and its active customer base is slightly shrinking.

Investment Thesis

Chewy, Inc. ( CHWY ) saw its stock jump 15% on the back of its fiscal Q1 2024 results ....

For further details see:

Chewy Earnings: Overvalued And Modest Growth
Stock Information
Company Name: Chewy Inc. Class A
Stock Symbol: CHWY
Market: NYSE
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