Chewy: Fiscal 2Q Earnings Snapshot
DANIA BEACH, Fla. (AP) _ Chewy Inc. (CHWY) on Tuesday reported a loss of $82.9 million in its fiscal second quarter.
The Dania Beach, Florida-based company said it had a loss of 21 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 10 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The online pet store posted revenue of $1.15 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $1.14 billion.
For the current quarter ending in November, Chewy said it expects revenue in the range of $1.19 billion to $1.21 billion.
The company expects full-year revenue in the range of $4.75 billion to $4.8 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
