Why Chewy Stock Popped Today

Chris Neiger, The Motley Fool
·2 min read
Why Chewy Stock Popped Today

Shares of Chewy (NYSE: CHWY), the e-commerce pet company, jumped today after it reported better-than-expected third-quarter results. The company's top- and bottom-line results beat expectations, and Chewy's management raised its revenue guidance for the full year, sending the stock up 6.5% as of 11:20 a.m. ET. The company's bottom line was also impressive, as Chewy's non-GAAP earnings of $0.01 was a huge improvement from its loss of $0.08 in the year-ago quarter and far ahead of analysts' consensus estimate of a loss of $0.09.

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