Chewy's Trading Volume Plummets 59% Ranking 328th in Market
1min read On March 27, 2025, Chewy's trading volume was $252 million, a 59.07% decrease from the previous day, ranking 328th in the day's stock market. chewy (CHWY) fell 1.68%, marking its third consecutive day of decline, with a total drop of 3.91% over the past three days.
Chewy reported strong financial results for the fiscal fourth quarter and full year 2024. Net sales for the fourth quarter increased by 14.9% year-over-year to $3.25 billion, contributing to a full-year net sales of $11.86 billion, representing a 6.4% growth year-over-year. The company's gross margin also expanded by 30 basis points.
During the fourth quarter, Chewy's adjusted earnings per share (EPS) were $0.28, with revenue increasing by 15% year-over-year to $3.25 billion. These figures exceeded analyst estimates, with revenue outperforming forecasts of $3.2 billion. Autoship sales, a key metric for the company, rose by 21%.
Chewy's product offerings include a wide range of pet food, treats, and healthcare products, catering to various types of pets. The company serves its customers through its retail website and mobile applications, providing a comprehensive e-commerce platform for pet owners.
Ask Aime: What factors could have contributed to Chewy's trading volume drop and continued decline in stock price following strong financial results?
