Online pet-food retailer Chewy, Inc. posted revenue that fell short of analysts’ expectations. It also reported a wider-than-expected loss for its fiscal second quarter.
Chewy reported a diluted loss of -4 cents a share, sharper than the -2cents loss a share expected by analysts polled by FactSet. It incurred a loss of -8 cents a share in the year-ago period.
The company’s sales came in at $2.16 billion, compared to the $2.2 billion estimated by analysts in FactSet survey. Sales were $1.7 billion in the year-ago quarter.
For the fiscal third-quarter, Chewy expects sales of $2.2 billion to $2.22 billion, up 23% to 25% from the year-ago quarter.
For the full-year, it projects revenue between $8.9 billion and $9 billion, compared to $9 billion expected by analysts polled by FactSet.