Chewy falls after reiterating annual forecast

Chewy

11/06/2025 17:26

** Shares of online pet products retailer Chewy CHWY.N fall 10.21% to $41.04

** Company reiterates annual sales forecast to be between $12.30 billion and $12.45 billion

** Sees Q2 net sales between $3.06 billion and $3.09 billion, compared with analysts' estimate of $3.06 billion - data compiled by LSEG

** Q1 net sales of $3.12 billion beat estimate of $3.08 billion

** Jefferies says the market was looking for a beat and raise

** "The high bar wasn't met," brokerage says

** Shares up ~24% YTD

(Reporting by Sriparna Roy in Bengaluru)

((Sriparna.Roy@thomsonreuters.com))