Post a Free Blog

Submit A Press Release

Friday, March 29, 2024
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
-- Advertisement --spot_img
HomeBusinessShould You Buy Chewy?

Should You Buy Chewy?

 

Chewy, Inc. (NYSE: CHWY) (“Chewy“), a trusted online destination for pet parents and partners everywhere, has released its financial results for the fiscal fourth quarter and full year 2020 ended January 31, 2021

Fiscal Q4 2020 Highlights:

   -- Net sales of $2.04 billion grew 51 percent year over year 
 
   -- Gross margin of 27.1 percent expanded 300 basis points year over year 
 
   -- Net income of $21.0 million, including share-based compensation expense 
      of $24.0 million 
 
   -- Net margin of 1.0 percent improved 550 basis points year over year 
 
   -- Adjusted EBITDA(1) of $60.8 million, an increase of $66.6 million year 
      over year 
 
   -- Adjusted EBITDA margin(1) of 3.0 percent improved 340 basis points year 
      over year

Fiscal 2020 Highlights:

   -- Net sales of $7.15 billion grew 47 percent year over year 
 
   -- Gross margin of 25.5 percent expanded 190 basis points year over year 
 
   -- Net loss of $92.5 million, including share-based compensation expense of 
      $129.2 million 
 
   -- Net margin of (1.3) percent improved 390 basis points year over year 
 
   -- Adjusted EBITDA(1) of $85.2 million, an increase of $166.2 million year 
      over year 
 
   -- Adjusted EBITDA margin(1) of 1.2 percent improved 290 basis points year 
      over year

“2020 was an incredibly challenging and unpredictable year for all of us. During this time,  Chewy  performed exceptionally well and made significant strategic and operational progress. Specifically, we grew net sales by 47 percent year over year, increased our customer base by 43 percent year over year, delivered our first full year of positive adjusted EBITDA, and generated the company’s first quarter of positive net income in the fourth quarter of 2020,” said Sumit Singh, Chief Executive Officer of  Chewy. “Years of preparation and focus have positioned us as the Internet’s preeminent neighborhood pet store and a leading pure-play e-commerce company in the pet space. We look forward to a future marked by ongoing innovation and to winning customers’ hearts and minds as we grow to become the most trusted and convenient online destination for pet parents (and partners) everywhere.”

Management will host a conference call and webcast to discuss  Chewy‘s financial results today at 5:00 pm ET.

 

CWEB Analyst believe Chewy’s valuation is elevated, but deservedly so. Its promising growth and niche within an ideal sector sets it up very well for the long term. Chewy has a great chance to continue powering solid shareholder profits and potential to reach $150 by 2021.

 

Subscribe to get Latest News Updates

Latest News Articles

You may like more
more

Semtech Shares Jump 3 percent Following Q4 Results

Semtech (NASDAQ:SMTC) experienced a more than 3% increase in...

Target Stock Added to Fresh Money List at Deutsche Bank

Deutsche Bank analysts placed Target (NYSE:TGT) on the Fresh...

AMC Shares Plunge 14 percent on a New Equity Distribution Deal

AMC Entertainment Holdings (NYSE:AMC) saw its shares drop over...

Palantir Technologies Stock Drops 6 percent on Monness, Crespi, Hardt Downgrade

Palantir Technologies (NYSE:PLTR) stock plunged more than 6% on...