Here's Why Chewy Stock Dropped Today
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Chewy's stock dropped after the company reported third-quarter 2024 financial results that missed expectations on the bottom line.
December 04, 2024 | 6:45 pm
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Chewy's stock dropped due to disappointing third-quarter 2024 financial results, which missed expectations on the bottom line.
The stock price of Chewy dropped as the company's financial results for Q3 2024 did not meet market expectations, particularly on the bottom line. This negative earnings surprise likely led to a sell-off by investors, impacting the stock price negatively in the short term.
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