Chewy (NYSE:CHWY) Issues Earnings Results
Chewy (NYSE:CHWY) posted its quarterly earnings data on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01), Briefing.com reports. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. The company’s quarterly revenue was up 45.2% compared to the same quarter last year. During the same period last year, the business posted ($0.15) EPS. Chewy updated its Q2 2019 guidance to EPS and its FY 2019 guidance to EPS.
NYSE CHWY opened at $30.69 on Friday. Chewy has a 12 month low of $30.25 and a 12 month high of $41.34.
In related news, major shareholder Argos Holdings Gp Llc sold 47,875,000 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $20.90, for a total transaction of $1,000,587,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Mario Jesus Marte acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were acquired at an average cost of $22.00 per share, for a total transaction of $330,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 152,500 shares of company stock worth $3,355,000.
Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food, pet products, pet medications, and other pet health products for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications.
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