By Mackenzie Tatananni
Chewy stock rose Wednesday after the pet products retailer reported fiscal fourth-quarter earnings and sales that topped analysts' expectations.
Chewy posted adjusted earnings of 28 cents a share for the quarter ended Feb. 2, beating Wall Street calls for 21 cents. Net sales of $3.3 billion topped the $3.2 billion analysts anticipated, according to FactSet. The stock was up 2.1% to $34.31 in premarket trading.
CEO Sumit Singh noted that top-line growth and profitability exceeded the high end of the company's guidance range for both the fourth quarter and fiscal year. "Our performance was underpinned by strong active customer growth, and compelling Autoship customer loyalty," Singh said.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com
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(END) Dow Jones Newswires
March 26, 2025 07:23 ET (11:23 GMT)
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