Stock Track | Chewy Soars 13.69% in Pre-Market on Strong Q4 Earnings Beat and Upbeat Outlook
Stock Track
Mar 25
Chewy Inc. (CHWY) soared 13.69% in pre-market trading on Wednesday, following the release of its fiscal fourth-quarter financial results.
The significant price movement was driven by the pet-supplies retailer reporting adjusted earnings per share that substantially beat analyst expectations. Chewy posted Q4 adjusted EPS of $0.27, well above the consensus estimate of $0.09, according to multiple news reports.
Further fueling investor optimism, the company issued an upbeat sales forecast for the coming year, guiding for revenue ahead of market views. Chewy's results were supported by customer growth and expanding margins, providing confidence in its continued profitable growth.
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