$CHWY reported earnings results today with a double beat:
✅Revenue: $3.25B vs. $3.2 expected
✅EPS: $0.28 vs. $0.20 expected
✅Autoship program continues to drive recurring revenue, as pet owners prefer the convenience of scheduled deliveries for food and supplies.
✅Aggressively expanded into pet health with offerings like telehealth consultations, pet insurance partnerships, and pharmacy services.
❌Faces challenges in achieving consistent profitability due to rising logistics, fulfillment, and customer acquisition costs.
❌Larger e-commerce players like Amazon and traditional pet retailers like Petco are increasing their online presence, putting pressure on Chewy’s market share and pricing power.
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