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Benzinga
Benzinga
Business
Adam Eckert

After-Hours Action: Why Chewy Stock Is Soaring

Chewy Inc (NYSE:CHWY) shares are surging in Wednesday's after-hours session after the company reported strong financial results.

Chewy said first-quarter revenue increased 13.7% year-over-year to $2.43 billion, which beat the estimate of $2.42 billion, according to data from Benzinga Pro. The company reported adjusted EBITDA of $60.5 million, which was down 21.8% year-over-year.

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