Chewy is trading 8.38% down now at $21.32 as investors appeared to focus on cautious consumers and outlook risks despite better-than-expected second-quarter results.
- Revenue reached $3.33 billion, and active customers grew 3.8%.
- Management highlighted softer discretionary pet spending and a strategic pivot toward health services and automation.
- Earlier guidance concerns and focus on sales durability may be outweighing the earnings beat.