Chewy (NYSE:CHWY) released its earnings results on Wednesday. The company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.11, Briefing.com reports. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the firm earned ($0.12) EPS. The firm’s revenue was up 31.7% on a year-over-year basis.
NYSE CHWY traded down $3.66 during trading on Friday, reaching $75.69. 221,980 shares of the company traded hands, compared to its average volume of 3,482,052. Chewy has a 1-year low of $44.31 and a 1-year high of $120.00. The firm has a market capitalization of $31.43 billion, a P/E ratio of -327.43, a price-to-earnings-growth ratio of 19.52 and a beta of 0.08. The stock has a 50 day moving average price of $76.96.
In other news, insider Stacy Bowman sold 11,422 shares of the company’s stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $87.00, for a total value of $993,714.00. Following the sale, the insider now owns 77,590 shares of the company’s stock, valued at approximately $6,750,330. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Argos Holdings Gp Llc sold 6,150,000 shares of the stock in a transaction dated Monday, April 12th. The stock was sold at an average price of $81.50, for a total transaction of $501,225,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.
Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications.
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