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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.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

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  • 爱睡的雇主
    ·2021-06-12
    Hi
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  • Tothemoonnn
    ·2021-06-12
    Goooo
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  • ckhing
    ·2021-06-11
    Nice one
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  • nicsohsayso
    ·2021-06-11
    Chew Cramer
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  • JOSEPHCHAN07
    ·2021-06-11
    Chewy to the moon
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    收起
  • 987ce65
    ·2021-06-11
    [得意] 
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  • Adelrevenge
    ·2021-06-11
    like and comment this please!
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    • Hayleyxn
      like and comment back please
      2021-06-11
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    • Adelrevenge
      ok
      2021-06-11
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    • UNCLEUNCLE
      good
      2021-06-11
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  • aliciatjy
    ·2021-06-11
    like and comment pls
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    • e13v3n
      pls reply
      2021-06-11
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  • Raph79
    ·2021-06-11
    like this pls
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  • Pls comments thanks you
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    • cb15016
      Comment back
      2021-06-11
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  • Phoenix5104
    ·2021-06-11
    Nice.. like and comment pls!
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    • Raph79
      can like my comment ols
      2021-06-11
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    • J256
      Done
      2021-06-11
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    • Phoenix5104
      done thanks
      2021-06-11
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  • Adelrevenge
    ·2021-06-11
    like my comment plz 
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    • Raph79
      can reply me
      2021-06-11
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    • Adelrevenge
      Ok
      2021-06-11
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  • blaCkbOx
    ·2021-06-11
    Comment n like pls
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    • Huathk
      Gd
      2021-06-11
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  • Nsqh
    ·2021-06-11
    Wah Wah Wah 
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  • Missunnymay
    ·2021-06-11
    Comment pls!
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    • Huathk
      K
      2021-06-11
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    • boonhong21
      Ok. need reply
      2021-06-11
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  • XxShadowGee
    ·2021-06-11
    Wow, like pls
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  • Holla
    ·2021-06-11
    Like my comment pls 
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    • Ai_Ling
      good morning
      2021-06-11
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    • MERV
      Reply here thanks
      2021-06-11
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    • boonhong21回复MERV
      Need rePly too
      2021-06-11
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  • MK8888
    ·2021-06-11
    Great.[Smile] 
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  • hendryz
    ·2021-06-11
    Chewy
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  • 娜神宝宝
    ·2021-06-11
    Yes
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    • HUATkueh
      Ok
      2021-06-11
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    • boonhong21回复MERV
      Same here
      2021-06-11
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    • MERV
      Reply here thanks
      2021-06-11
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