Chewy posted a third quarter loss wider than what analysts had expected.
The online pet retailer posted a loss of -8 cents a share, vs. analysts’ expectations of -4 cents a share. Net sales rose +24% from the year-ago quarter to $2.21 billion, in line with analyst’s expectations.
Active customer count increased +15% year-over-year to 20.4 million. Net sales per active customer increased by a record $56, to touch $419.