Chewy shares tumble after pet retailer’s earnings and forecast disappoint
Chewy shares tumble after pet retailer’s earnings and forecast disappoint
Shares of Chewy sank in extended trading Wednesday after the online pet retailer’s second-quarter results and third-quarter outlook fell short of Wall Street forecasts.
The stock was down more than 11% at one point, before parring some of the losses to trade down roughly 9% at 5:30 p.m. in New York.
Chewy saw revenue rise nearly 27% on a year-over-year basis to $2.16 billion in the second…