What to Expect From Chewy’s Upcoming Q3 Report?
<p>RBC Capital provided its outlook ahead of <a href='https://financialmodelingprep.com/financial-summary/CHWY'>Chewy, Inc. (NYSE:CHWY)</a> Q3 results, scheduled to be announced tomorrow. The analysts expect revenue of $2.44 billion (vs. Street’s $2.46 billion) and adjusted EBITDA of $31 million (vs. Street’s $34 million). </p>
<p>According to the analysts, demand for consumables (which the company over-indexes to) remains strong, which could result in a modest top-line beat driven by price/net revenue per customer. This, paired with management's current focus on cost management/profitability will likely result in an EBITDA upside. </p>
<p>The analysts remain of the view that the company’s story will get more interesting over the next 1-3 quarters as churn rates normalize and active customers begin to grow again. The analysts expect active customers of 20.5 million (flat quarter-over-quarter) as Numerator Insights data leads them to believe retention rates among the 2020 and 2021 cohorts are still trending below comparable pre-pandemic levels.</p>

NYSE:CHWY