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16 June 2021
10:40 hour

Earnings Results: Chewy swings to surprise profit, but warns of labor shortages, supply disruptions

Market Watch

10/06/2021 - 22:37

Chewy Inc. surprises Wall Street Thursday with a quarterly profit, but says headwinds include labor labor shortages and supply problems leading to running out of items.


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  5. Chewy, Inc. (CHWY) Q4 2020 Earnings Call Transcript (31/03/2021 - AlphaStreet)
    Chewy, Inc. (NYSE: CHWY) Q4 2020 earnings call dated Mar. 30, 2021 Presentation: Operator Good afternoon and welcome to the Chewy Fourth Quarter and Full Year 2020 Results Call. [Operator Instructions] I would now like to turn the conference over to Robert LaFleur, President of Investor Relations. Please go ahead. This content is for members only. Visit the site and log in/register to read.The post Chewy, Inc. (CHWY) Q4 2020 Earnings Call Transcript first appeared on AlphaStreet.
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  17. $CHWY Earnings key takeaways (10/06/2021 - Reddit Stocks)
    The biggest category everybody already looks at is Sales. Even coming out of the Pandemic Chewy's Sales increased 31.7%. Solid for any company. They are forecasting $8.9-9 billion for the year. On top of the increase in sales, Chewy also, once again, added to their Gross Margin Percentage. Adding to your Gross Margin Percentage is the equivalent of adding sales. Q1 2020 they were at 23.4% and Q1 2021 they are at 27.6% respectively. FY 2020 totaled out to 25.5%. This 2.1% increase over what they did last year will result in an additional $189 million going to their bottom line based on their forecasted $9 billion in 2021 Sales. Also, one of the most overlooked categories I usually see when people are looking at financials statements are the cash flows from Operations. Chewy's Net cash provided by operating activities was $98.3 million and their free cash flow was $59.4 million. At the end of the day, cash is always king and Chewy has been rolling it in extremely well. My takeaways (opinion). Chewy is in a prime position to continue the growth that has propelled them to where they are and should continue to see increased earnings going forward. The current valuation of the company I believe is still too low and the current market cap is less than their annual revenue. If you compare Chewy to someone like Amazon. Amazon has annual revenue of $386 billion (FY'20) and a market cap of $1.7 Trillion. This comes to 4.4X Annual Revenue. Chewy is also commanding a higher profit margin than Amazon who comes in just shy of 25%. TL/DR: Chewy keeps kicking Ass - is extremely undervalued. ​ This is not financial advice. I'm just some dumbass.   submitted by   /u/bigmikey5184 [link]   [comments]
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  40. Three growth trends that Chewy (CHWY) plans to cash in on going forward (31/03/2021 - AlphaStreet)
    Shares of Chewy Inc. (NYSE: CHWY) were up over 6% in afternoon trade on Wednesday. The stock has gained 138% in the past 12 months. For the fourth quarter of 2020, Chewy saw its revenue grow 51% year-over-year to $2.04 billion and the company managed to deliver a profit of $0.05 per share. For the first quarter of 2021, Chewy expects revenue to grow 36-37% YoY to $2.11-2.13 billion. For the full year of 2021, revenue is projected to grow 25-26% YoY to $8.85-8.95 billion. There are three growth trends that Chewy believes it is well-positioned to take advantage of in the foreseeable future. Pet adoption The first trend is an increase in pet adoption. According to data from industry analysts released by Chewy during its earnings call, the number of pet-owning households increased 5.7% in 2020, up significantly from the pre-pandemic five-year compound annual growth rate of 0.6%. During the year, the creation of pet profiles for puppies and kittens went up by 35% YoY and the creation of profiles for newly-adopted pets rose by 40%. The need for food and toys for these pets paves the way for more recurring revenue and growth opportunities in the coming years. Market opportunity At present, Chewy competes in approx. 70% of the $100 billion US pet market, mainly in areas like food supplies, prescription drugs and diet. The company believes it has the opportunity to expand further into areas like healthcare and services which is worth an additional $30 billion. The US pet market is projected to reach $120 billion by 2024. Chewy’s net sales for 2020 amounted to $7 billion, giving the company ample opportunity for growth and expansion in this market. Ecommerce Thirdly, the US pet market is witnessing a rise in ecommerce penetration. The rate of online penetration in the retail food and supplies category is estimated to have increased from 7% to 30% in the five years ranging from 2015 to 2020. This is projected to reach 53% in another five years, i.e. by 2025. Chewy is seeing pet-related healthcare and services move to online channels and believes this trend will continue to grow over time. The company believes these shifts to online channels are here to stay and they will provide opportunities for further growth and market share gains. Click here to read the full transcript of Chewy’s Q4 2020 earnings conference callThe post Three growth trends that Chewy (CHWY) plans to cash in on going forward first appeared on AlphaStreet.
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