Chewy: Fiscal Q4 Earnings Snapshot

PLANTATION, Fla. (AP) — PLANTATION, Fla. (AP) — Chewy Inc. (CHWY) on Wednesday reported fiscal fourth-quarter earnings of $31.9 million.

The Plantation, Florida-based company said it had net income of 7 cents per share. Earnings, adjusted for one-time gains and costs, came to 18 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.

The online pet store posted revenue of $2.83 billion in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $2.79 billion.

For the year, the company reported profit of $39.6 million, or 9 cents per share. Revenue was reported as $11.15 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHWY at https://www.zacks.com/ap/CHWY