Chewy Shares Slip 10% as Higher Costs Offset Stron…

From Financial Modeling Prep: 2025-06-11 16:47:00

Chewy (NYSE:CHWY) reported strong first-quarter revenue, up 8.3% to $3.12 billion, beating estimates. However, net income fell to $62.4 million, missing expectations of $70.9 million. Stock dropped over 10% due to rising operating costs, which increased to $846.9 million from $789.4 million, impacting profitability despite revenue growth.



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