Chewy Eases After Narrowed Loss, Revenue Jump

Daily Updates


Chewy,  (CHWY) – Get Report the online pet products provider, reported that its fiscal-third-quarter net loss narrowed on 45% higher revenue, with both figures stronger than Wall Street analysts expected.

For the quarter ended Nov. 1 the Dania Beach, Fla., company reported a loss of 8 cents a share compared with a loss of 20 cents in the year-earlier quarter. 

Revenue reached $1.78 billion from $1.23 billion.

A survey of analysts by FactSet produced consensus estimates of a net loss of 13 cents a share on revenue of $1.72 billion.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *