Chewy Quarterly Profit, Revenue Rise but Retailer Issues Bleak Forecast
The company added about 250,000 net active customers on a sequential basis, bringing its total customer base to 21.2 million.
Chewy logged higher third-quarter profit and revenue but gave a bleak outlook for the fourth quarter.
The stock fell 4.1 to $33.40 in premarket trading on Wednesday.
The online pet-supplies retailer posted a profit of $59.2 million, or 14 cents a share for its fiscal third quarter ended Nov. 2, compared with $3.9 million, or 1 cent a share, a year earlier....
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