Chewy's stock is experiencing a decline today following the release of its third-quarter financial results, which revealed a profit miss and a decrease in active customers. Despite reporting a 4.8% increase in net sales to $2.88 billion, the company's earnings per share (EPS) came in at $0.01, falling short of the estimated $0.09. This earnings miss, coupled with a decline in active customers, has overshadowed the company's positive full-year guidance and raised concerns among investors about its profitability trajectory.
The current price of Chewy's stock is $31.06, reflecting a 7.62% decrease from the previous close of $33.62.