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hendryz
2021-06-11

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Selling Chewy On That 'Sub Number' Is A 'Mistake,' Says Cramer

CNBC host Jim Cramer has advised investors not to sell their shares in Chewy Inc.(NYSE:CHWY) based o

Selling Chewy On That 'Sub Number' Is A 'Mistake,' Says Cramer

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In October last year, the companyannounced a nationwide expansionof a new telehealth service for pets.</p>\n<p>Chewy was co-founded by Ryan Cohen, who currently serves as chairman at&nbsp;<b>GameStop Corp.</b>(NYSE:GME).</p>\n<p><b>Price Action:</b>&nbsp;Chewy shares closed more than 2% higher in Thursday’s trading at $79.35.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Selling Chewy On That 'Sub Number' Is A 'Mistake,' Says Cramer</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSelling Chewy On That 'Sub Number' Is A 'Mistake,' Says Cramer\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-11 15:20</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>CNBC host Jim Cramer has advised investors not to sell their shares in&nbsp;<b>Chewy Inc.</b>(NYSE:CHWY) based on the online pet products company’s first-quarter earnings results.</p>\n<p><b>What Happened:</b>&nbsp;Cramer said on Twitter that selling shares of Chewy off that “sub number” is a “mistake.”</p>\n<p><img src=\"https://static.tigerbbs.com/52ec51871c749be0025081c2d3e593b4\" tg-width=\"573\" tg-height=\"240\">Chewy, on Thursday,reportedfirst-quarter results that beat analysts’ estimates. Net sales grew 31.7% year over year to $2.14 billion.</p>\n<p>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.</p>\n<p><b>Why It Matters:</b>&nbsp;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.</p>\n<p>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.</p>\n<p>Chewy was co-founded by Ryan Cohen, who currently serves as chairman at&nbsp;<b>GameStop Corp.</b>(NYSE:GME).</p>\n<p><b>Price Action:</b>&nbsp;Chewy shares closed more than 2% higher in Thursday’s trading at $79.35.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CHWY":"Chewy, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182033958","content_text":"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.\nWhat Happened: Cramer said on Twitter that selling shares of Chewy off that “sub number” is a “mistake.”\nChewy, on Thursday,reportedfirst-quarter results that beat analysts’ estimates. Net sales grew 31.7% year over year to $2.14 billion.\nThe 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.\nWhy 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.\nIn 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.\nChewy was co-founded by Ryan Cohen, who currently serves as chairman at GameStop Corp.(NYSE:GME).\nPrice Action: Chewy shares closed more than 2% higher in Thursday’s trading at $79.35.","news_type":1},"isVote":1,"tweetType":1,"viewCount":367,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}