Categories Earnings, Other Industries

What to look for when Chewy reports Q1 earnings results?

Online pet supplies retailer Chewy (NYSE: CHWY) is scheduled to report its maiden earnings results for the first quarter of 2019 on Thursday after the market closes. This comes after the Wall Street debut on June 14. The top line growth will mainly be driven by pet food sales apart from supplies, medicines, vet care, pet services and sale of pets as there are ample growth opportunities backed by pets health and wellness spending.

Chewy is focused on growing both its net sales and expanding its margins through different strategies, including growing sales from existing customer base, acquire new customers, leverage technological and operational efficiencies, growing private brands, expand further into pet healthcare, and explore broader platform opportunities.

For the thirteen weeks ended May 5, 2019, the company expects net sales to be $1.1 billion compared to $763.5 million in the previous year period. Cost of goods sold is predicted to be $855 million compared to $613.5 million a year ago, due to the increase in orders shipped and associated product costs, outbound freight and shipping supply costs.

What will Chewy supply for pets in maiden Q1
Photo Courtesy: Chewy / Facebook post

Chewy expects to increase selling, general and administrative expenses to $181.9 million for the 13 weeks ended May 5, 2019 from $123.2 million a year ago, due to the increase in fulfillment costs to support overall growth of business. Advertising and market expenses are anticipated to be $102.3 million, up from $86.7 million a year earlier, due to rise in advertising and marketing through existing channels, resulting in the growth of our customer base.

Analysts expect the company to report a loss of $0.06 per share on revenue of $1.11 billion for the first quarter. Investors expect the company to post upbeat results for the maiden first-quarter. From fiscal 2012 to fiscal 2018, Chewy’s net sales per active customer grew from $223 to $334 and its net sales grew from $26 million to $3.5 billion.

Also read: PetMed Express stock falls to a 4-year low

The pet industry is in the midst of a shift from in-store to online purchases, with e-commerce representing a 14% share of the food and supplies market segment in 2017, up from 4% in 2015, and projected to grow to about 25% by 2022. The pet industry is expected to grow from $48 billion in 2010 to an estimate of $75 billion in 2019, according to the data collected by the American Pet Products Association.

Chewy has been facing stiff competition from behemoths like General Mills (NYSE: GIS), Walmart (NYSE: WMT) and Amazon (NASDAQ: AMZN) that have firm footing in the market. For this, Chewy’s goal remains to attract and convert visitors into active customers and encourage repeat purchases, which accounts for about 90% of net sales.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results

Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or

NVDA Earnings: Nvidia Q3 profit jumps, beats estimates

NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues

Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance

Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the

Comments

  1. Pingback: Admissions process
  2. Pingback: fue
  3. Pingback: pulley machine
  4. Pingback: pec deck
  5. Pingback: pull ups
  6. Pingback: Fiverr Earn
  7. Pingback: Fiverr Earn
  8. Pingback: Fiverr Earn
  9. Pingback: fiverrearn.com
  10. Pingback: prodentim
  11. Pingback: livpure
  12. Pingback: fabricante de ropa
  13. Pingback: clima
  14. Pingback: fiverrearn.com
  15. Pingback: fiverrearn.com
  16. Pingback: fiverrearn.com
  17. Pingback: fiverrearn.com
  18. Pingback: fiverrearn.com
  19. Pingback: future university
  20. Pingback: bulldogs puppy
  21. Pingback: fue
  22. Pingback: Lean
  23. Pingback: Warranty
  24. Pingback: Grand piano moving
  25. Pingback: Piano maintenance
  26. Pingback: FUE
  27. Pingback: FUE
  28. Pingback: FUE
  29. Pingback: FUE
  30. Pingback: Classic Books 500
  31. Pingback: FiverrEarn
  32. Pingback: FiverrEarn
  33. Pingback: Media
  34. Pingback: Streamer
  35. Pingback: FiverrEarn
  36. Pingback: pupuk organik
  37. Pingback: partners
  38. Pingback: prostadine
  39. Pingback: Tips
  40. Pingback: live sex cams
  41. Pingback: live sex cams
  42. Pingback: FiverrEarn
  43. Pingback: FiverrEarn
  44. Pingback: FiverrEarn
  45. Pingback: FiverrEarn
  46. Pingback: FiverrEarn
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: Paneer
  51. Pingback: graphic design
  52. Pingback: christmas
  53. Pingback: Kuliah Termurah
  54. Pingback: FiverrEarn
  55. Pingback: FiverrEarn
  56. Pingback: cheap sex cams
  57. Pingback: fullersears.com
  58. Pingback: fullersears.com
  59. Pingback: dog probiotics
  60. Pingback: rare breed-trigger
  61. Pingback: 늑대닷컴
  62. Pingback: Bonus deposit
  63. Pingback: nangs sydney
  64. Pingback: superslot
  65. Pingback: allgame
  66. Pingback: 918kiss
  67. Pingback: หวย24
  68. Pingback: pg slot
  69. Pingback: cybersécurité
  70. Pingback: Raahe Guide
  71. Pingback: resort lake placid
  72. Pingback: 7mm-08 ammo
  73. Pingback: masumintl.com
  74. Pingback: itme.xyz
  75. Pingback: FB URL Shortener
  76. Pingback: itme.xyz
  77. Pingback: itme.xyz
  78. Pingback: ItMe.Xyz
  79. Pingback: ItMe.Xyz
  80. Pingback: itme.xyz

Comments are closed.

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top