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Chewy: Fiscal 1Q Earnings Snapshot

June 9, 2020 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHWY at https://www.zacks.com/ap/CHWY

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