What Caught Our Attention in the Investment World? – Week of May 31-June 3, 2022

By Kuldip K. Ambastha

On Thursday, June 2, 2022, the stock price of Chewy, Inc. (CHWY) rose by +24.2% per share. (See past coverage if needed: “What Caught Our Attention in the Investment World? – Week of March 29-April 1, 2021; By Kuldip K. Ambastha.”) Chewy, Inc. (CHWY), an online retailer of pet food and other pet-related items, delivered surprising results to Wall Street on this trading day. In 1Q2022, the company had earnings of 4 cents per share alongside revenues of $2.43 billion, with both of these measures beating their respective forecasted consensus estimates. In a highly volatile stock market environment, this surprise on the upside was welcome news.

Keywords – Chewy, Inc., Chewy, CHWY, online, retailer, retailing, retail, pets, food, 1Q2022, quarter, quarterly, performance, earnings, revenues, positive, upside, surprise, Wall Street.

Disclosure – The principals and clients of Ambastha Financial LLC have no positions in CHWY.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2022 – Ambastha Financial LLC.




Leave a Reply

Your email address will not be published. Required fields are marked *