** Shares of online pet products retailer Chewy CHWY.N fall 10.21% to $41.04
** Company reiterates annual sales forecast to be between $12.30 billion and $12.45 billion
** Sees Q2 net sales between $3.06 billion and $3.09 billion, compared with analysts' estimate of $3.06 billion - data compiled by LSEG
** Q1 net sales of $3.12 billion beat estimate of $3.08 billion
** Jefferies says the market was looking for a beat and raise
** "The high bar wasn't met," brokerage says
** Shares up ~24% YTD
(Reporting by Sriparna Roy in Bengaluru)
((Sriparna.Roy@thomsonreuters.com))
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