Chewy (CHWY, $28.72) reports wider-than-anticipated loss for fiscal Q2
Chewy reported a wider-than-expected fiscal-second-quarter loss, thereby sending its shares lower on Wednesday.
For the three months ended Aug. 4, the online retailer of pet food & products reported a loss of - 21 cents a share, worse than analysts’ estimate of -11 cents (based on FactSet). The loss was sharper than the year-ago quarter’s -16 cents a share.
Sales increased +43% year-over-year to $1.15 billion in the quarter. Analysts were expecting revenue of $1.13 billion, according to FactSet.
For the fiscal third-quarter, Chewy expects sales to come in between $1.19 billion and $1.21 billion, a year-over-year increase of 36% to 38%. Analysts’ had predicted sales of $1.16 billion.
CHWY's RSI Indicator entering overbought territory
The RSI Indicator for CHWY moved into overbought territory on September 11, 2024. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.
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Notable companies
The most notable companies in this group are Amazon.com (NASDAQ:AMZN), Alibaba Group Holding Limited (NYSE:BABA), PDD Holdings (NASDAQ:PDD), JD.com (NASDAQ:JD), eBay (NASDAQ:EBAY), Chewy (NYSE:CHWY), Vipshop Holdings Limited (NYSE:VIPS), Wayfair (NYSE:W), Just Eat Takeaway.com N.V. (OTC:JTKWY), Revolve Group (NYSE:RVLV).
Industry description
The internet retail industry includes companies that sell products and services through the Internet. With more and more consumers using online retailers, the companies have seen a big increase in the use of their services. Some of the companies in the group are focused on selling business-to-business products and services. Others sell business-to-consumer products and services. Internet retailers offer a wide variety of products like books, apparel, and electronics. Some companies even specialize in only one or two categories. One potentially critical factor for players to thrive in this space is the quality and speed of product delivery. This requires an investment in efficient distribution networks. Things like logistics are important factors in the success in the extremely competitive industry. For a company to stay relevant in the industry it must have effective pricing strategies and upgraded websites. The websites must be easy to navigate and engaging for customers. In addition to the revenues generated from straight sales, internet retailers can generate revenue from subscription fees and advertising. Amazon.com, Inc., Alibaba Group, and JD.com are some of the global leaders.
Market Cap
The average market capitalization across the Internet Retail Industry is 34.29B. The market cap for tickers in the group ranges from 622 to 1.94T. AMZN holds the highest valuation in this group at 1.94T. The lowest valued company is RBZHF at 622.
High and low price notable news
The average weekly price growth across all stocks in the Internet Retail Industry was 2%. For the same Industry, the average monthly price growth was 6%, and the average quarterly price growth was 0%. MI experienced the highest price growth at 85%, while RDBBF experienced the biggest fall at -24%.
Volume
The average weekly volume growth across all stocks in the Internet Retail Industry was -7%. For the same stocks of the Industry, the average monthly volume growth was -32% and the average quarterly volume growth was -32%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 60
P/E Growth Rating: 68
Price Growth Rating: 58
SMR Rating: 79
Profit Risk Rating: 89
Seasonality Score: -28 (-100 ... +100)
