Chewy shares gained 0.8% after the company beat Q2 revenue estimates with $3.33 billion in sales and lifted its full-year outlook, driven by a 9.3% increase in Autoship customer sales.
Chewy Q2 earnings met estimates, revenue beat, and full-year outlook raised, causing shares to rise 0.8%.
Chewy Inc. reported second-quarter revenue of $3.33 billion, edging past analyst forecasts of $3.32 billion. The pet retailer raised its full-year revenue and profitability guidance, citing strong recurring revenue and disciplined execution. Shares climbed 0.8% as the company reported a 6.8% adjusted EBITDA margin.
CEO Sumit Singh cited the durability of the company's recurring revenue base, consistent customer growth, and disciplined operational execution as the primary drivers for the improved guidance.