Chewy (NASDAQ:CHWY) shares are trading higher after the company reported better-than-expected third-quarter EPS and sales results and a year-over-year increase in active customers.
The company reported quarterly sales of $1.78 billion, which beat the analyst consensus estimate of $1.72 billion by 3.60%. This is a 44.88% increase over sales of $1.23 billion, the same period last year. Earnings came in at a loss of 8 cents per share, narrower than the expected 13-cent loss.
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Chewy reports active customers were at 17.79 million versus 12.72 million year-over-year.
After closing higher by 5.8%, Chewy shares were up 2.7% at $81.30 in Tuesday’s after-hours session. The stock has a 52-week high of $79.78 and a 52-week low of $20.62.