GeneralBearishBlockonomi · Jun 105/10
📰
Chewy (CHWY) Stock Slides as Revised Sales Forecast Overshadows Solid Q1 Results
Chewy stock declined despite beating Q1 earnings expectations with adjusted EPS of 43 cents, as the company reduced its full-year sales guidance to $13.4B-$13.55B. The downward revision of future revenue expectations overshadowed solid quarterly performance, signaling management concerns about sustained growth momentum.