The Fly in Chewy's Second-Quarter Ointment
Chewy (NYSE: CHWY) shares traded down 6% Wednesday following release of the online pet products seller's fiscal second-quarter 2019 earnings on Tuesday evening. Management showcased some items, including year-over-year revenue growth of 43% and a sizable jump in gross profitability. Yet shareholders obviously weren't won over. Below, we'll review highlights from the quarter and zero in on one of the most salient reasons shares fell. Note that all comparison numbers that follow refer to the prior-year quarter.
Data source: Chewy. EPS = earnings per share.
Image source: Getty Images.
Source Fool.com
