Chewy Inc (NYSE:CHWY) shares are trading higher by 17.71% to $27.65 during Thursday's pre-market session after the company reported better-than-expected first-quarter sales results.
Chewy reported quarterly sales of $2.43 billion which beat the analyst consensus estimate of $2.42 billion by 0.4%. This sales figure represents a 13.8% increase over sales of $2.13 billion in the same period last year. Chewy says the company's active customer base expanded 4.2% year-over-year to end the first quarter at 20.6 million.
