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Why Chewy Stock Was Surging After Earnings Today

TheMotleyFool

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Why Chewy Stock Was Surging After Earnings TodayPhoto, wide shot, wide-angle lens, Clothing manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.midjourneyapi.xyz/temp/7d69264d-49b2-466c-9987-b2706836d522.png

Shares of Chewy (NYSE: CHWY) were trading up 24% as of 1:08 p.m. ET on Thursday. The leading pet e-commerce retailer delivered better-than-expected sales, but management reiterated its previous full-year guidance.

Slowing sales growth over the last year can be blamed for the steep slide in the share price. Even after the post-earnings pop, the stock is down 50% year to date, underperforming the S&P 500's fall of just 13%.