• 35
  • 26
  • Favorite

Selling Chewy On That 'Sub Number' Is A 'Mistake,' Says Cramer

Benzinga2021-06-11

CNBC host Jim Cramer has advised investors not to sell their shares in Chewy Inc.(NYSE:CHWY) based on the online pet products company’s first-quarter earnings results.

What Happened: Cramer said on Twitter that selling shares of Chewy off that “sub number” is a “mistake.”

Chewy, on Thursday,reportedfirst-quarter results that beat analysts’ estimates. Net sales grew 31.7% year over year to $2.14 billion.

The company’s adjusted EBITDA (earnings before interest, taxes, amortization, and depreciation) for the quarter was $77.4 million, up from $3.4 million a year ago.

Why It Matters: Chewy’s CEO Sumit Singhsaidin March that the environment for online shopping for pet products remains "bright" and he believes recent momentum can be sustained. Chewy also expects to benefit from the increased adoption of pets by households.

In addition, Chewy has launched new initiatives such as health services for pets. In October last year, the companyannounced a nationwide expansionof a new telehealth service for pets.

Chewy was co-founded by Ryan Cohen, who currently serves as chairman at GameStop Corp.(NYSE:GME).

Price Action: Chewy shares closed more than 2% higher in Thursday’s trading at $79.35.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment26

  • 爱睡的雇主
    ·2021-06-12
    Hi
    Reply
    Report
  • Tothemoonnn
    ·2021-06-12
    Goooo
    Reply
    Report
  • ckhing
    ·2021-06-11
    Nice one
    Reply
    Report
  • nicsohsayso
    ·2021-06-11
    Chew Cramer
    Reply
    Report
  • JOSEPHCHAN07
    ·2021-06-11
    Chewy to the moon
    Reply
    Report
    Fold Replies
  • 飙高音
    ·2021-06-11
    [得意] 
    Reply
    Report
  • Adelrevenge
    ·2021-06-11
    like and comment this please!
    Reply
    Report
    Fold Replies
    • UNCLEUNCLE
      good
      2021-06-11
      Reply
      Report
    • Hayleyxn
      like and comment back please
      2021-06-11
      Reply
      Report
    • Adelrevenge
      ok
      2021-06-11
      Reply
      Report
  • aliciatjy
    ·2021-06-11
    like and comment pls
    Reply
    Report
    Fold Replies
    • e13v3n
      pls reply
      2021-06-11
      Reply
      Report
  • Raph79
    ·2021-06-11
    like this pls
    Reply
    Report
  • Pls comments thanks you
    Reply
    Report
    Fold Replies
    • Sherily
      Comment back
      2021-06-11
      Reply
      Report
  • Phoenix5104
    ·2021-06-11
    Nice.. like and comment pls!
    Reply
    Report
    Fold Replies
    • Phoenix5104
      done thanks
      2021-06-11
      Reply
      Report
    • J256
      Done
      2021-06-11
      Reply
      Report
    • Raph79
      can like my comment ols
      2021-06-11
      Reply
      Report
  • Adelrevenge
    ·2021-06-11
    like my comment plz 
    Reply
    Report
    Fold Replies
    • Raph79
      can reply me
      2021-06-11
      Reply
      Report
    • Adelrevenge
      Ok
      2021-06-11
      Reply
      Report
  • blaCkbOx
    ·2021-06-11
    Comment n like pls
    Reply
    Report
    Fold Replies
    • Huathk
      Gd
      2021-06-11
      Reply
      Report
  • Nsqh
    ·2021-06-11
    Wah Wah Wah 
    Reply
    Report
  • Missunnymay
    ·2021-06-11
    Comment pls!
    Reply
    Report
    Fold Replies
    • boonhong21
      Ok. need reply
      2021-06-11
      Reply
      Report
    • Huathk
      K
      2021-06-11
      Reply
      Report
  • XxShadowGee
    ·2021-06-11
    Wow, like pls
    Reply
    Report
  • Holla
    ·2021-06-11
    Like my comment pls 
    Reply
    Report
    Fold Replies
    • MERV
      Reply here thanks
      2021-06-11
      Reply
      Report
    • boonhong21Replying toMERV
      Need rePly too
      2021-06-11
      Reply
      Report
    • Ai_Ling
      good morning
      2021-06-11
      Reply
      Report
  • MK8888
    ·2021-06-11
    Great.[Smile] 
    Reply
    Report
  • hendryz
    ·2021-06-11
    Chewy
    Reply
    Report
  • 娜神宝宝
    ·2021-06-11
    Yes
    Reply
    Report
    Fold Replies
    • Tingster
      Reply pls
      2021-06-11
      Reply
      Report
    • boonhong21Replying toMERV
      Same here
      2021-06-11
      Reply
      Report
    • HUATkueh
      Like snd comment pls
      2021-06-11
      Reply
      Report
    View more 2 comments
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial