Why Chewy Stock Crashed Today
Chewy stock is starting to resemble a dog with fleas.
Chewy (NYSE: CHWY) stock tumbled 10% through 11:20 a.m. ET Wednesday despite beating analyst forecasts on both top and bottom lines.
Heading into the company's fiscal Q1 2025 report, analysts expected the online purveyor of pet supplies to report $0.34 per share in adjusted profit on just under $3.1 billion in quarterly sales. Chewy actually earned $0.35 per share, and its sales were just over $3.1 billion, however.
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