Chewy’s Q1 Earnings Preview


Deutsche Bank analysts shared their outlook on Chewy, Inc. (NYSE:CHWY) ahead of the company’s upcoming Q1 earnings, expected to be reported on June 1.
The brokerage said their analysis suggests that the Q1 revenues tracked closer to the low end of the guidance ($2.40- $2.43 billion). The analysts lowered their Q1 revenue estimates to $2.4 billion. They also lowered the full 2023-year revenue estimates by approximately 7% to better capture the weakening consumer environment, but leave the rest of 2022 mostly unchanged as numbers here likely already reflect much of these concerns coming out of the company’s Q4 print.
The analysts now believe that the ramp from challenging H1/21 compares, reopening headwinds to user growth, and supply chain pressures on out of stock levels will likely be longer dated given growing recessionary fears.


Follow us on Google news for more updates and News










Full Disclaimer








>

FREE

Get the most important news and analyses for Free.

Thank you for subscribing.

Something went wrong.