Chewy posted earnings of 5 cents a share, a strong beat compared with analyst estimates of a loss of 4 cents per share.
The pet retailer, known for its convenient autoship policies, saw $2.78 billion in sales, up 14.7% year over year. Net sales per active customer and sales from autoship customers reached record highs in the quarter, Chewy said in a press release.A dog sits in front of the New York Stock Exchange during Chewy Inc.'s initial public offering, June 14, 2019.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:Revenue: $2.78 billion, versus $2.73 billion expectedThe company's reported net income for the three-month period that ended April 30 was $22.18 million, or 5 cents a share, compared with $18.47 million, or 4 cents a share, a year earlier.