Chewy shares surged in extended trading after the company beat earnings estimates on the top and bottom lines.
Chewy posted earnings of 5 cents a share, a strong beat compared with analyst estimates of a loss of 4 cents per share.
The pet retailer, known for its convenient autoship policies, saw $2.78 billion in sales, up 14.7% year over year. Net sales per active customer and sales from autoship customers reached record highs in the quarter, Chewy said in a press release.A dog sits in front of the New York Stock Exchange during Chewy Inc.'s initial public offering, June 14, 2019.surged more than 13% in extended trading Wednesday after the pet retailer posted earnings that beat Wall Street's estimates.
Here's how the digital retailer did in its fiscal first quarter compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv:Revenue: $2.78 billion, versus $2.73 billion expectedThe company's reported net income for the three-month period that ended April 30 was $22.18 million, or 5 cents a share, compared with $18.47 million, or 4 cents a share, a year earlier.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Chewy stock skyrockets 15% after profit, sales top Wall Street viewsShares of Chewy Inc. jump more than 15% after the specialty retailer reports profit and sales above Wall Street expectations, saying that quarterly earnings...
Consulte Mais informação »
‘Twins That Cook’ and the Cookie That Catapulted Them to FameThe people who know these twins best probably suspected they were destined for galactic success — maybe not as food entrepreneurs, though.
Consulte Mais informação »
‘I Am Not Ready' Allen Outlet Employees Share Anxiety Ahead of ReopeningThis week employees are returning to work inside the stores of the Allen Premium Outlets. It’s been almost a month since a deadly mass shooting, and some workers tell us they’ve experienced some anxiety about going back.
Consulte Mais informação »
Cleveland Hopkins expecting summer travel surge after busy Memorial Day weekendAirport officials estimate 3.2 million passengers will file through Hopkins over the busy summer months.
Consulte Mais informação »