Chewy, Inc. (CHWY) engages in the pure-play e-commerce business in the United States. The company provides pet food and treats, pet supplies and medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail website, as well as its mobile applications. It offers approximately 100,000 products from 3,000 partner brands.
CHWY beat the Wall Street estimates for its revenue and earnings in the last reported quarter. The company reported earnings of $0.04 per share, while analysts had expected a loss of $0.14 per share. It also beat its revenue estimates by $15.63 million or 0.7%. Despite the challenging macroeconomic environment, the company was able to cash in on the strong consumer demand on the back of rising pet adoptions during the pandemic.
