Chewy slipped by as much as 7.5% on Friday after the company reported quarterly earnings for the first time since its June initial public offering. The online pet supply retailer announced $1.1 billion in net sales, a 45% improvement from the year-ago period. It also slashed its net loss in half, from $59.8 million to $29.6 million. Still, the stock is up a whopping 49% from offer price through Thursday's close.
Chewy slipped by as much as 7.5% on Friday after the company reported quarterly earnings for the first time since its June initial public offering. The online pet supply retailer announced $1.1 billion in net sales, a 45% improvement from the year-ago period. It also slashed its net loss in half, from $59.8 million to $29.6 million. Still, the stock is up a whopping 49% from offer price through Thursday's close.
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lol.. no one who buys stocks is puts any real value on the stock price.. this is a great time to buy . earnngs were good.
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