Chewy Shares Drop Nearly 10% On Lower Q1 Earnings Despite Sales Growth

(RTTNews) - Chewy, Inc. (CHWY) fell 9.27 percent to $41.54 on Wednesday after reporting a decline in first-quarter net income despite higher sales. The pet products retailer posted net sales of $3.12 billion for the quarter ended May 4, 2025, up from $2.88 billion a year ago. However, net income dipped to $62.4 million from $66.9 million. The stock opened at $41.65 and fluctuated between $40.08 and $42.10 during the session on the New York Stock Exchange. Trading volume spiked to over 11.1 million shares, compared to the average of 6.3 million.

Chewy's 52-week range is between $19.75 and $48.62.