Pet products supplier Chewy (NYSE: CHWY) surpassed bottom and topline estimates for the second quarter of 2020. The company’s loss narrowed to 8 cents per share in Q2 from $0.21 in the prior-year quarter. Sales rose 47% to $1.7 billion. CHWY stock was up about 2% in the extended trading hours.
The key revenue drivers in the quarter were a 37.9% year-over-year increase in active customers and a 3.2% increase in net sales per active customer,
For the third quarter of fiscal 2020, Chewy expects sales to be between $1.70 billion and $1.72 billion, representing year-over-year growth of 38% to 40%.
For fiscal 2020, Chewy lifted its previously announced sales guidance. The company now expects FY20 sales to be between $6.775 billion and $6.825 billion compared to the previous sales outlook of $6.55 billion to $6.65 billion.
Most Popular
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to