Chewy Sinks Its Teeth Into Better-Than-Expected Q2 Results
Internet pet retailer Chewy, Inc. (NYSE: CHWY) reported its second-quarter results today after market close, beating analyst consensus predictions on both its revenues and earnings per share (EPS). Unlike many other companies operating during the ongoing COVID-19 pandemic, Chewy also provided an update to its previous guidance on the earnings conference call for both Q3 2020 and fiscal 2020, as a whole.
According to analyst consensus figures published by Seeking Alpha, Wall Street expected $1.64 billion in Q2 net sales. Actual net sales of $1.70 billion delivered a slender positive surprise of approximately 3.7%, though revenue jumped strongly year over year by 47%. In terms of GAAP EPS, analysts forecast a $0.17 loss per share, $0.09 greater than the actual loss per share of $0.08.
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Source Fool.com
