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Benzinga
Benzinga
Business
Adam Eckert

Why Chewy Stock Is Trading Lower

Chewy Inc (NYSE:CHWY) is trading lower Wednesday after the company reported worse-than-expected top-line financial results. 

Chewy said fourth-quarter revenue increased 17% year-over-year to $2.39 billion, which came in below the $2.42 billion estimate. The company reported a quarterly net loss of $63.6 million.

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