Chewy Shares Jump 13% After Strong Earnings Beat and Margin Expansion

Chewy Inc. (NYSE: CHWY) reported fourth-quarter results that significantly exceeded earnings expectations, driving shares up 13% intra-day Wednesday. The company posted adjusted earnings per share of $0.27, well above the analyst consensus of $0.09 by $0.18. Revenue reached $3.26 billion, in line with estimates and representing an 8.1% increase on a normalized 13-week basis compared to the prior year period. On a reported basis, revenue rose 0.5% year over year due to the quarter having 13 weeks versus 14 w ...