Chewy Blows Past Earnings Estimates, Sending Stock Higher -- MarketWatch

Dow Jones
03-26

Chewy Inc.'s stock rose 3% early Tuesday, after the online pet product retailer blew past earnings estimates for the fourth quarter, buoyed by strong customer growth.

Plantation, Fla.-based Chewy $(CHWY)$ had per-share earnings of 5 cents, down from 7 cents a year ago. Adjusted for one-time items, it had EPS of 28 cents, well ahead of the 3-cent FactSet consensus.

Sales rose 14.9% to $3.25 billion, also ahead of the $3.19 billion FactSet consensus.

CEO Sumit Singh said the numbers exceeded the high end of the company's guidance ranges, and were underpinned by strong customer growth and loyalty to the company's autoship program.

The stock has gained 120% in the last 12 months, while the S&P 500 has gained 11%.

(This is a breaking news story. Check back for updates)

-Ciara Linnane

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March 26, 2025 07:19 ET (11:19 GMT)

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