Chewy exceeds sales forecast

US-based online retailer Chewy has announced its results for the third quarter of its financial year, which ended on 27 October. According to the results, net sales increased by 4.8 per cent year-on-year to 2.88 bn dollars. Adjusted net income totalled 84.9 mio dollars, an increase of 21.5 mio dollars over the prior year.

“Our third quarter results continue to build on the positive momentum we saw in the second quarter,” said Sumit Singh, Chewy's Chief Executive Officer. “We delivered revenue growth that exceeded the high end of our revenue guidance.”