UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (786) 320-7111 (Registrant's telephone number, including area code) N/A (Former name, former address and former fiscal year, if changed since last report) If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards ...

Financial Performance - Net sales increased by 3.1% year over year to $2.88 billion[13] - Gross margin improved by 130 basis points to 29.7%[13] - Net income rose by 192.7% to $66.9 million[14] - Adjusted EBITDA increased by 46.9% to $162.9 million[14] - Adjusted EBITDA margin expanded by 170 basis points to 5.7%[13] - Adjusted net income grew by 55.9% to $137.1 million[14] - Basic and diluted earnings per share increased by 200% to $0.15[14] - Net sales for Q1 2024 increased to $2.877 billion, up from $2.790 billion in Q1 2023[33] - Gross profit rose to $853.992 million in Q1 2024, compared to $792.856 million in Q1 2023[33] - Net income for Q1 2024 was $66.897 million, a significant increase from $22.859 million in Q1 2023[33] - Net income for Q1 2024 increased to $66.897 million, up from $22.859 million in Q1 2023, representing a significant growth[34] Cash Flow and Liquidity - Free cash flow decreased by 58.6% to $52.6 million[14] - Cash and cash equivalents increased to $1.134 billion as of April 28, 2024, up from $602.232 million as of January 28, 2024[22] - Net cash provided by operating activities in Q1 2024 was $81.937 million, compared to $148.712 million in Q1 2023[34] - Capital expenditures in Q1 2024 were $29.299 million, up from $21.573 million in Q1 2023[34] - Proceeds from maturities of marketable securities in Q1 2024 were $535 million, compared to $350 million in Q1 2023[34] - Net cash provided by investing activities in Q1 2024 was $505.701 million, a significant improvement from a net cash used of $66.038 million in Q1 2023[34] - Cash and cash equivalents at the end of Q1 2024 stood at $1.134629 billion, up from $410.204 million at the end of Q1 2023[34] Customer Metrics - Active customers declined by 2.1% to 19.99 million[14] - Autoship customer sales grew by 6.4% to $2.23 billion[14] Balance Sheet and Assets - Total current assets stood at $2.126 billion as of April 28, 2024, slightly up from $2.104 billion as of January 28, 2024[22] - Total liabilities decreased to $2.558 billion as of April 28, 2024, down from $2.676 billion as of January 28, 2024[22] - Accounts receivable decreased by $18.188 million in Q1 2024, compared to a decrease of $25.807 million in Q1 2023[34] - Inventories decreased by $33.147 million in Q1 2024, compared to a decrease of $54.260 million in Q1 2023[34] - Trade accounts payable increased by $38.798 million in Q1 2024, compared to an increase of $82.085 million in Q1 2023[34] Non-GAAP Measures and Financial Health - Adjusted EBITDA and adjusted net income are non-GAAP measures used to assess performance, excluding non-cash charges and other items[24][26] - Free cash flow is calculated as net cash from operating activities less capital expenditures, providing additional insight into financial health[28] Strategic Initiatives and Future Plans - The company plans to manage growth effectively, expand into new jurisdictions, and introduce new products and services[21] Share-Based Compensation - Share-based compensation expense increased to $65.385 million in Q1 2024 from $48.553 million in Q1 2023[34] Investor Relations - Chewy will host a conference call on May 29, 2024, to discuss Q1 2024 financial results[30]

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell- side) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Chewy (CHWY) . Chewy currently has an average brokerage recommendation ( ...

Chewy (CHWY) closed the last trading session at $16.38, gaining 8.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $23.89 indicates a 45.9% upside potential. The average comprises 22 short-term price targets ranging from a low of $16 to a high of $37, with a standard deviation of $6.23. While the lowest estimate indicates a decline of 2.3% from the current price level, the most o ...

Market participants will be closely following the financial results of Chewy in its upcoming release. The company plans to announce its earnings on May 29, 2024. The company is forecasted to report an EPS of $0.21, showcasing a 5% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.87 billion, indicating a 2.92% increase compared to the same quarter of the previous year. In terms of the entire fiscal year, the Zacks Consens ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Chewy. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Chewy (CHWY) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this online pet store have returned -12.5%, compared to the Zacks S&P 500 composite's +1.3% change. During this period, the Zacks Consumer Products - Staples industry, which Chewy falls in, has gained 4%. The key question now is: What could be the stock's future direction?Wh ...

Economists are divided on the question of when, or if, a recession will occur. Some even support the argument that we’ve been in a rolling recession. Whatever your thoughts on the matter, the fact that a potential recession is still being discussed should put you on the hunt for recession-proof retail stocks.  Of course, the retail sector has been under pressure for well over a year. However, it’s only been in the last two quarters that many retailers are acknowledging consumer pullback. Still, shifting con ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Chewy (CHWY) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Chewy currently has an average brokerage reco ...

In the latest trading session, Chewy (CHWY) closed at $15.77, marking a -0.44% move from the previous day. This change lagged the S&P 500's daily gain of 0.32%. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, added 0.35%.The the stock of online pet store has fallen by 0.44% in the past month, leading the Consumer Staples sector's loss of 0.5% and the S&P 500's loss of 2%.The upcoming earnings release of Chewy will be of great interest to investors. In that report, analysts expect Chewy ...