CHWY - Chewy Stock Is Moving Lower Thursday: What's Going On? | Benzinga
Chewy Inc (NYSE: CHWY) shares are trading lower Thursday after the company reported mixed financial results and cut full-year guidance. Several analysts also lowered price targets following the print.
- Q3 Revenue: $2.74 billion missed estimates of $2.76 billion
- Q3 EPS: 15 cents beat estimates for a 6 cent loss
Sales were up 8.2% on a year-over-year basis. Gross margin increased 10 basis points year-over-year to 28.5%.
The company ended the quarter with 20.3 million active customers, down 1.3% on a year-over-year basis. Net sales per ...