Chewy Inc. reported earnings and revenue that missed analysts’ expectations. The online retailer of pet food and other pet products reported a loss per share of -$0.15 for the fourth quarter, steeper than analysts’ expectations of a loss of -$0.06 a share. Revenue of $2.39 billion came in lower than analysts’ expectation of $2.42 billion. Chewy mentioned that there were uptrends in site...
JD.com reported its fourth-quarter earnings that exceeded analysts’ expectations, even amid slower sales growth. The Chinese e-commerce company’s adjusted earnings per ADR came in at 2.21 yuan (35 cents) , well above 28 cents expected by analysts polled by FactSet. Earnings were also higher compared to the year-ago quarter’s 1.49 yuan. Net revenue in the quarter grew +23% year-over-year to...
Etsy’s fourth quarter earnings surpassed analysts’ expectations. The e-commerce company’s adjusted earnings came in at $1.11 a share, well above analysts’ expectations of 79 cents. Revenue increased +16% from the year-ago quarter to $717.1 million, vs. analysts’ estimate of $684.5 million. Gross merchandise sales per active seller rose +16% to reach an all-time high of $136. More than half of...
Amazon posted its fourth quarter earnings that handily topped analysts’ expectations. The e-commerce behemoth’s earnings came in at $5.80 a share, compared to $3.57 expected by analysts polled by a Refinitiv survey. Revenue for the quarter was $137.4 billion vs $137.6 billion expected, according to a Refinitiv. The company projects first quarter revenue in the range of $112 billion and $117...
If you could go back in time to 1990, which industries would you invest in? An article in the Los Angeles Times, written on January 2, 1990, recommended IBM, Eastman Kodak, and McDonald’s Corp as the “hot stocks” for that year. Have they stood up for three decades? IBM has been declining since 2009, so it almost made the twenty-year mark. Kodak is still around but opened under $10 a share...
Chewy posted a third quarter loss wider than what analysts had expected. The online pet retailer posted a loss of -8 cents a share, vs. analysts’ expectations of -4 cents a share. Net sales rose +24% from the year-ago quarter to $2.21 billion, in line with analyst’s expectations. Active customer count increased +15% year-over-year to 20.4 million. Net sales per active customer increased by a...
Bed, Bath & Beyond shares nearly doubled in after-hours trading Tuesday, following news of the home retail company’s distribution partnership with Kroger Co. Bed, Bath also said that it would complete its $1 billion share buyback program by the end of its fiscal year. Bed, Bath & Beyond said the deal will lead to its signature and 'BuyBuy Baby' products sold on Kroger.com, as well as in the...
Bed Bath & Beyond reported its fiscal second quarter earnings that were lower than expected by analysts. The home goods retail company also cut its full-year profit outlook. Bed Bath & Beyond’s adjusted earnings for the three months ending in August came in at 4 cents per share, well below the 52 cents per share expected by the Street. Revenues fell -26% from the year-ago quarter to $1.98...
Amazon said it would hire another 125,000 employees in its logistics facilities, in some states in the U.S. The roles offered at warehouses and package sorting centers will have an average pay of $18 an hour and up to $22.50 an hour in some locations. Dave Clark, Amazon's chief executive for the e-commerce company’s worldwide consumer division, said in a statement that the company is offering...
It also reported a wider-than-expected loss for its fiscal second quarter.
Chewy reported a diluted loss of -4 cents a share, sharper than the -2cents loss a share expected by analysts polled by FactSet.It incurred a loss of -8 cents a share in the year-ago period.
The company’s sales came in at $2.16 billion, compared to the $2.2 billion estimated by analysts in FactSet survey.
eBay posted its second quarter earnings that surpassed analysts' expectations, even as revenue missed estimates. The e-commerce company’s earnings came in at 99 cents a share, compared to the 96 cents expected by analysts polled by Investing.com. Revenue of $2.67 billion fell short of analysts expectation of $3 billion. Gross merchandise volume was $22.1 billion in the quarter, down -7% on an...
Shares of ContextLogic fell, after the company reported a wider than expected net loss for the second-quarter. The parent of the Wish mobile e-commerce platform incurred a loss of -18 cents a share in the quarter, compared with a loss of a dime a share in the year-earlier quarter. Analysts polled by FactSet expected a GAAP net loss of -13 cents a share. Revenue fell to $656 million in the...
Amazon reported its first revenue miss in three years, despite an earnings beat for the quarter.
The e-commerce behemoth’s adjusted earnings for the second quarter came in at $15.12, exceeding analysts’ expectations of $12.30 per share.
Revenue grew +27% from the year-ago quarter to $113.08 billion; but it fell short of analysts’ estimate of $115.2 billion .Amazon CFO Brian Olsavsky cited tough year-over-year comparisons --in mid-May of last year, Amazon’s growth rates surged to between 35% to 45%, he said.
Looking ahead, Amazon expects sales to range between $106 billion and $112 billion for the third quarter, implying year-over-year growth of 10% to 16%.
Home retail chain Bed Bath and Beyond’s fiscal first-quarter sales rose almost +50% year-over-year , even as earnings missed analysts’ estimates.
The company’s earnings for the quarter came in at 5 cents adjusted vs. 8 cents expected by analysts polled by Refinitiv.
However, net sales rose to $1.95 billion from the year-ago quarter’s $1.3 billion, thereby topping expectations of $1.87 billion.sales from Bed Bath & Beyond, Buybuy Baby, Harmon Face Values and Decorist) surged +73% from the year-ago quarter.
Comparable sales ( revenue online and at shops open for at least 12 months) increased +86% from a year earlier, compared to analysts’ expectation of 75.6% (StreetAccount estimates).
For the second quarter, Bed Bath & Beyond predicts adjusted earnings to range between 48 cents and 55 cents per share, while analysts were expecting 52 cents per share.
Amazon’s proposed $8.45 billion acquisition of movie studio MGM will reportedly be reviewed by the Federal Trade Commission (FTC).
Last month, the companies announced the deal, in which Amazon seems to be aiming at boosting its Prime Video streaming platform’s content.
Citing sources familiar with the matter, The Wall Street Journal report suggested that the FTC advocated for review authority on the deal because it already has begun an antitrust query into Amazon’s business.On the antitrust issue, the Justice Department is looking at Apple and Alphabet’s Google, while the FTC is probing into Facebook and Amazon.
Chewy posted earnings that surpass analysts’ expectations for the fiscal first quarter. For the quarter ended May 2, the online pet retail company’s revenue rose +32% year-over-year to $2.14 billion, compared to the Street consensus forecast of $2.13 billion. Net income came in at 9 cents a share, beating the Street estimate of a loss of -3 cents a share. According to Chewy, it now has 19.8...
Its owners include Highland Capital Partners, Anchorage Capital, Davidson, Kempner Capital Management, Solus Alternative Asset Management and Owl Creek Investments.
MGM owns several popular movie and TV franchises, such as The Pink Panther, Rocky, and Legally Blonde.It also owns a studio, which has produced hit TV shows, including “Fargo.” The company also owns many popular reality TV shows, including “Shark Tank,” “Survivor,” and “The Voice.”
Poshmark shares fell more than -12% in after-hours trading Wednesday , even after the social commerce marketplace reported a narrower-than-expected first-quarter loss per share on 42% higher revenue.
Adjusted for one-time items, Poshmark incurred a loss of -33 cents a share, compared to the -37 cents loss a share anticipated by analysts polled by FactSet.
Revenue increased to $81 million from the year-ago quarter’s $57.1 million.The analysts surveyed by FactSet forecast around $81 million.
Shares of pet food retailer Chewy Inc. shares got a buy rating from Guggenheim analysts who initiated coverage of the stock.
Guggenheim analysts set a $95 price target on the shares.The analysts cited a fast-growing market, a leading industry position, significant new and existing customer opportunities and other tailwinds for Chewy.
"As of today, although CHWY only participates in ~70% of the combined pet products and services market, the recent launch of telehealth tele-triage service (connect with a vet) in October 2020 and compounding medication (customized medicines) in November 2020 showcases management’s commitment to driving increased participation in the services-related needs of pet parents," analyst Steven Forbes wrote. According to Forbes, Chewy customers have shown "an extreme level of customer loyalty".
Chewy’s active customer base has grown to 19.2 million in 2020 from 1.5 million in 2015, implying 66% compound annual growth.
On Monday, e-commerce company Etsy's stock dropped premarket Monday after a KeyBanc analyst downgraded it to sector weight from overweight.
Analyst Edward Yruma cited valuation and a lower near-term likelihood of positive earnings revisions as factors behind the revised outlook.
According to Yruma, Etsy has outperformed the broader market substantially since KeyBanc first set an outperform rating on the company in October 2017.But at present, the analyst views the stock's valuation as "fair" and the current consensus analyst expectations "reasonable.