DANIA BEACH, Fla. (AP) _ Chewy Inc. (CHWY) on Tuesday reported a loss of $82.9 million in its fiscal second quarter.
The Dania Beach, Florida-based company said it had a loss of 21 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 10 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The online pet store posted revenue of $1.15 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $1.14 billion.
For the current quarter ending in November, Chewy said it expects revenue in the range of $1.19 billion to $1.21 billion.
The company expects full-year revenue in the range of $4.75 billion to $4.8 billion.