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Chewy shares plunge 10.8% despite Q2 sales and earnings matching forecasts

Verifying
  • Chewy reported second-quarter sales and adjusted earnings broadly matching expectations.
  • Net sales increased 7.3% to $3.33 billion, while adjusted earnings reached $0.36 per share.
  • Chewy shares declined 10.8% amid concerns about slowing organic growth and cautious consumer conditions.
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Chewy shares plunge 10.8% despite Q2 sales and earnings matching forecasts - CoinPost Terminal