Chewy Inc.'s stock rose 3% early Tuesday, after the online pet product retailer blew past earnings estimates for the fourth quarter, buoyed by strong customer growth.
Plantation, Fla.-based Chewy $(CHWY)$ had per-share earnings of 5 cents, down from 7 cents a year ago. Adjusted for one-time items, it had EPS of 28 cents, well ahead of the 3-cent FactSet consensus.
Sales rose 14.9% to $3.25 billion, also ahead of the $3.19 billion FactSet consensus.
CEO Sumit Singh said the numbers exceeded the high end of the company's guidance ranges, and were underpinned by strong customer growth and loyalty to the company's autoship program.
The stock has gained 120% in the last 12 months, while the S&P 500 has gained 11%.
(This is a breaking news story. Check back for updates)
-Ciara Linnane
For more from MarketWatch: http://www.marketwatch.com/newsviewer
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
March 26, 2025 07:19 ET (11:19 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.