U.S. Stock Movement | Chewy Plummets Over 14% Due to Significant Decline in Q2 Earnings
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On Wednesday, Chewy fell more than 14%, closing at $35.78. In terms of news, the U.S. pet e-commerce company Chewy reported a net sales growth of 8.6% year-on-year in the second quarter, reaching $3.104 billion, slightly above the expected $3.08 billion; net profit was $62 million, significantly lower than $299.1 million in the same period last year; diluted EPS was $0.14
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