Chewy was in for a treat last quarter as furry companions joined the list of items humans acquired while sheltering in place during the coronavirus pandemic. Investors seem to have overfed on the shares, though. The online pet-products retailer saw sales soar by 46% in the quarter ended May 3, exceeding even the higher end of analyst estimates by more than 6%. Even more impressive was its swift turn to profitability: adjusted earnings before interest, taxes, depreciation and amortization swung to $3.4 million from its previous...

Source: Wall Street Journal June 10, 2020 09:56 UTC