Earnings

Chewy CHWY Q1 earnings report 2023

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A dog sits in front of the New York Stock Exchange during Chewy Inc.’s initial public offering, June 14, 2019.

Michael Nagle | Bloomberg | Getty Images

Shares of Chewy 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:

  • Earnings per share: 5 cents, versus a loss of 4 cents a share expected
  • Revenue: $2.78 billion, versus $2.73 billion expected

The company’s reported net income for the three-month period that ended April 30 was $22.18 million, or 5 cents a share,…



Source cnbc.com

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