
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.