The Numbers Chewy Investors Are Chewing On After Hours

Chewy Inc CHWY shares are slightly lower in Wednesday's after-hours session after the company reported fourth-quarter financial results.

What Happened: Chewy said fourth-quarter revenue jumped 13.4% year-over-year to $2.71 billion, which beat average analyst estimates of $2.64 billion, according to Benzinga Pro. The online pet care retailer reported quarterly earnings of 1 cent per share, which easily beat consensus estimates for a loss of 11 cents per share.

"Against the backdrop of a rapidly changing operating and economic environment, Chewy produced record-high revenue, profitability, and free cash flow," said Sumit Singh, CEO of Chewy.

"Chewy's disciplined execution and dedication to serving pet parents and partners with a widening ecosystem of offerings led to another year of market share gains in the pet category, which continues to demonstrate its resilience in the present environment."

The company will host a conference call to discuss these results at 5 p.m. ET.

Chewy shares are heavily shorted. 37.82% of the float is currently sold short, according to Benzinga Pro.

CHWY Price Action: Chewy has a 52-week range of $22.23-$52.88.

Chewy shares were down 1.94% after hours at $36.99, according to Benzinga Pro.

Photo: Katrin B. from Pixabay.