1447 ET - Strong 4Q trends may result in overly optimistic expectations surrounding Chewy's recent quarter, Morgan Stanley analysts say in a research note, with the online pet-supplies retailer set to report next week. All eyes will be on the company's 2025 outlook, they add, noting that Chewy historically issues a conservative initial outlook. If that's the case, "we may look to treat an expectations-led selloff on earnings as a buying opportunity," the analysts write. Their optimism is in part due to pets being a resilient market--one which they say could grow this year if macroeconomic trends stabilize. The analysts also expect Chewy to beat-and-raise its initial 2025 outlook throughout the year. (connor.hart@wsj.com)
(END) Dow Jones Newswires
March 17, 2025 14:47 ET (18:47 GMT)
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