Chewy shares are trading higher after the company reported a year-over-year increase in Q1 EPS results and better-than-expected Q1 sales results.
Portfolio Pulse from Benzinga Newsdesk
Chewy reported a YoY increase in Q1 EPS results and better-than-expected Q1 sales results, leading to a rise in its share price.
June 01, 2023 | 12:46 pm
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POSITIVE IMPACT
Chewy's Q1 EPS and sales results exceeded expectations, resulting in a higher share price.
Chewy's better-than-expected Q1 earnings and sales results indicate strong financial performance, which is likely to boost investor confidence and drive the share price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100