Chewy: Fiscal 1Q Earnings Snapshot
DANIA BEACH, Fla. (AP) _ Chewy Inc. (CHWY) on Tuesday reported a loss of $47.9 million in its fiscal first quarter.
The Dania Beach, Florida-based company said it had a loss of 12 cents per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The online pet store posted revenue of $1.62 billion in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.55 billion.
Chewy shares have climbed 78% since the beginning of the year.