Chewy got requested. Chewy reported earnings this morning. So sad. Chewy down another 7.6% on the back of its earnings here today. Down at $21. The support down here is 17.5. Maybe you get a little bit more support down here at 20.
Rough report though. I actually just started their auto ship thing. I love this company. I say it every time. The stock is so difficult. Missed on EPS here, missed on sales. Um, no bueno for here for Chewy.
On June 10th, Chewy informed investors it boasted over 21.5 million customers. That was up 3.6% year-over-year. And the net sales per active customer increased to $597.
Chewy has multiple times informed investors that the longer Chewy keeps a customer, the more they spend on the platform. And that's understandable because they become more familiar with the platform and the products and services that's being offered.
