Amazon Announces It Is Investing More Than $230M In Higher Pay And Expanded Benefits For Whole Foods Market Team Members
https://www.aboutamazon.com/news/workplace/whole-foods-market-pay-benefits-expansion
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Chewy Q2 sales rose 7.3% to $3.33B; guidance raised. Analysts cited weak discretionary demand and a mixed outlook.
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https://www.aboutamazon.com/news/workplace/whole-foods-market-pay-benefits-expansion
U.S. stock markets declined on Wednesday as inflation concerns and Middle East geopolitical tensions drove bond yields to multiyear highs. The Dow Jones fell 0.8%, Nasdaq dropped 0.6%, and S&P 500 slid 0.5%. Oil prices surged above $100 per barrel, with Brent crude reaching $101.21, raising concerns about economic fallout from potential supply disruptions. Treasury yields climbed significantly, making government securities more attractive relative to equities.
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Morgan Stanley analyst Lauren Schenk maintains Chewy (NYSE:CHWY) with a Overweight and lowers the price target from $37 to $36.
Chewy stock fell 11% despite meeting Q2 earnings expectations and raising full-year guidance, as management signaled weak consumer demand for premium pet products and add-on purchases. The company's growth has slowed significantly from its pandemic-era boom, and it now resembles a mature consumer staples business rather than a high-growth disruptor. The analyst recommends avoiding the stock until it demonstrates faster organic growth.
RBC Capital analyst Steven Shemesh maintains Chewy (NYSE:CHWY) with a Outperform and lowers the price target from $34 to $31.