LOGO
LOGO

Corporate News

Chewy Shares Drop Nearly 10% On Lower Q1 Earnings Despite Sales Growth

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News

Chewy, Inc. (CHWY) fell 9.27 percent to $41.54 on Wednesday after reporting a decline in first-quarter net income despite higher sales. The pet products retailer posted net sales of $3.12 billion for the quarter ended May 4, 2025, up from $2.88 billion a year ago. However, net income dipped to $62.4 million from $66.9 million.

The stock opened at $41.65 and fluctuated between $40.08 and $42.10 during the session on the New York Stock Exchange. Trading volume spiked to over 11.1 million shares, compared to the average of 6.3 million.

Chewy's 52-week range is between $19.75 and $48.62.

For comments and feedback contact: editorial@rttnews.com

Business News

Looking to Invest in the Best Biotech Stocks? Subscribe to RTT Biotech Investor.
Global Economics Weekly Update - April 27 – May 01, 2026

May 01, 2026 15:54 ET
Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.

RELATED NEWS
Latest Updates on COVID-19