Why Chewy Stock Was Leaping Higher Today
CHWYChewy(CHWY) The Motley Fool·2024-08-29 00:39

Chewy delivered strong bottom-line growth in its second-quarter report.Shares of Chewy (CHWY 15.58%) were soaring today after the online pet products seller posted strong earnings growth in its second-quarter earnings report, showing the pet products industry may finally be emerging from a long slump.As a result, Chewy stock was up 15% as of 10:20 a.m. ET on the news. Chewy hops over a low barChewy's growth rate remained muted in the second quarter as revenue rose 2.6% to $2.86 billion, matching estimates, ...