Chewy Stock Surge 21% After Q1 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/CHWY'>Chewy (NYSE:CHWY)</a> stock jumped more than 21% yesterday after the company reported its Q1 earnings results, with EPS of $0.05 coming in better than the Street estimate of ($0.04). Revenue was $2.78 billion, beating the Street estimate of $2.73 billion.</p>
<p>According to the analysts at RBC Capital, solid quarterly results eased investor concerns about category weakness. The analysts expect the top line to re-accelerate as pandemic-related attrition normalizes, and steady margin progress. </p>
<p>The analysts revised their 2023/2024 revenue estimates to $11.32 billion/$12.38 billion ($11.22 billion/$12.37 billion prior) and EBITDA margin estimates to 3.1%/4.0% (2.7%/4.0% prior).</p>

NYSE:CHWY