General Mills, Chewy, and Petco pointed to strong sales of cat products on their respective earnings calls this month. The dog industry still shows signs of softening with each company strategizing on how to account for changing pet adoption trends.
Chewy Inc (NYSE:CHWY) reported second-quarter revenue and profit above Wall Street estimates on Thursday, even as shares fell 8.6% after the pet products retailer's free cash flow missed expectations. Revenue rose 7.3% year-over-year to $3.33 billion, edging past the $3.32 billion analysts had forecast.
The online pet-supplies retailer posted a second-quarter profit of $80.5 million, or 20 cents a share, compared with $62 million, or 14 cents a share, a year earlier.
PLANTATION, Fla.--(BUSINESS WIRE)--Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted destination for pet parents and partners everywhere, has released its financial results for the second quarter of fiscal year 2026 ended August 2, 2026. Fiscal Q2 2026 Highlights: Net sales of $3.33 billion increased 7.3 percent year over year or 5.7 percent excluding SmartPak and Modern Animal contributions Gross ...
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