Risk/Reward Rating: Negative
Chewy (NYSE: CHWY) reported Q2 2021 earnings after the market closed on September 1, 2021. The results were solid, however, the guidance for the remainder of the year disappointed investors sending the shares down over 9% the following day. The company is now projecting sales growth of 26% for fiscal 2021 (the fiscal year ends January 31, 2022). This is a rapid deceleration in growth compared to the 47% sales growth registered in fiscal 2020.
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