1559 ET - After Chewy cut its guidance in June, citing consumer headwinds, the company is set up for a solid second quarter, Raymond James analysts write in a note. The guidance cut "appropriately de-risked expectations," they write. "We see CHWY's F2Q26 results coming in in-line to better than expected considering its recently lowered bar and our checks that are mostly favorable." The business should continue having sticky revenue and expanding margins, they add. Shares are down 1.6%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.