Chewy Stock Soars on Earnings Beat as Auto Delivery Sales Jump
CHWYChewy(CHWY) investopedia.com·2024-05-30 00:00

Key Takeaways Chewy shares soared in early trading Wednesday after the company's profit and revenue topped estimates as its automatic shipment sales surged. The pet food and supplies retailer set a record for adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). Chewy also announced an up to $500 million stock repurchase plan. Chewy (CHWY) shares skyrocketed over 26% in early trading Wednesday after the e-commerce pet food and supplies retailer reported results that topped forec ...