Chewy: Fiscal Q4 Earnings Snapshot

March 29, 2022 GMT

DANIA BEACH, Fla. (AP) _ Chewy Inc. (CHWY) on Tuesday reported a fiscal fourth-quarter loss of $63.6 million, after reporting a profit in the same period a year earlier.

The Dania Beach, Florida-based company said it had a loss of 15 cents per share. Losses, adjusted for stock option expense, were 11 cents per share.

The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.

The online pet store posted revenue of $2.39 billion in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $2.43 billion.

For the year, the company reported that its loss narrowed to $73.8 million, or 18 cents per share. Revenue was reported as $8.89 billion.

For the current quarter ending in May, Chewy said it expects revenue in the range of $2.4 billion to $2.43 billion.

ADVERTISEMENT

The company expects full-year revenue in the range of $10.2 billion to $10.4 billion.

_____

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