Why Chewy Tanked 10% in September

Andrew Tseng, The Motley Fool
·2-min read
Why Chewy Tanked 10% in September
Why Chewy Tanked 10% in September

Shares of Chewy (NYSE: CHWY) tanked 10.2% in September, according to data from S&P Global Market Intelligence. During September, Chewy reported strong fiscal second-quarter results, which showed 47% net sales growth and encouraging margin expansion. Gross profit margin improved to 25.5% in the quarter from 23.6% in the year-ago quarter, while active customers grew 38%.