Chewy doubles earnings estimates with $0.36 EPS and raises sales guidance, boosting stock.

Chewy reported quarterly earnings of $0.36 per share, doubling analyst estimates of $0.18, with net income rising to $80.5 million from $62 million a year ago. Quarterly revenue reached $3.33 billion, slightly above expectations, marking a 7.3% increase in net sales year-over-year. The company maintained a steady gross margin of 30.4% and raised its net sales guidance for the fiscal year, which positively influenced its stock performance. This strong financial showing and optimistic outlook highlight Chewy's growth and competitive position in the pet e-commerce market.