“Fiscal year 2022 is off to a good start as we drove solid 14 percent top-line growth and delivered sequential improvements in gross margin and profitability,” Chewy CEO, Sumit Singh.
Shares of the online pet supplier Chewy (NYSE: CHWY) jumped more than 20% in the extended trading session on Wednesday after the company reported stronger-than-expected Q1 financial results. Chewy’s revenue increased 14%, to $2.43 billion, from $2.14 billion in the year-ago quarter.
Earnings per share (EPS) $0.4 vs. -$0.13 expected
Revenue $2.43 billion vs. $2.42 billion expected
Read more - https://gulfbrokers.com/en/chewy-surprises-investors-with-q1-results-stock-up-25