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Chewy +2% after earnings

|About: Chewy, Inc. (CHWY)|By: , SA News Editor

Chewy (NYSE:CHWY) gains after posting a narrower Q3 adjusted EBITDA loss than anticipated (-$30.2M vs. -$35.9M consensus).

Chewy churned up sales growth of 40% for the quarter and gross margin improved 410 bps to 23.7% of sales.

Guidance from Chewy should be upcoming on the conference call at 5:00 p.m.

Shares of Chewy are up 1.55% in AH trading.

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