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published in Blogs
Sep 02, 2021
Chewy (CHWY, $87.56) missed analysts' expectations for fiscal Q2

Chewy (CHWY, $87.56) missed analysts' expectations for fiscal Q2

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.

Related Tickers: CHWY