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)
Copyright (c) 2025 Dow Jones & Company, Inc.
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.