Chewy's Customers Spent More, Giving Pet Supplies Retailer Big Profit Boost

Key Takeaways Chewy reported second-quarter earnings well above forecasts as its customers spent more on pet food and supplies. The retailer had a decline in total active customers, but the ones it did have spent a record amount. Chewy also posted an increase in revenue from those who had their orders shipped to them automatically. Chewy (CHWY) shares surged Wednesday as the online pet supplies retailer posted a much better-thanexpected profit as it set a record for customer spending. The company reported s ...