BUZZ-Online pet retailer Chewy falls on weak annual sales forecast

Reuters12-10
BUZZ-Online pet retailer Chewy falls on weak annual sales forecast

** Shares of online pet retailer Chewy CHWY.N slump 5% to $33.15 premarket

** Company sees FY25 net sales in the range of $12.58 billion to $12.60 billion, below analysts' estimate of $12.65 billion - data compiled by LSEG

** Also forecasts Q4 sales between $3.24 bln and $3.26 bln, below estimates of $3.27 bln

** Posts Q3 adjusted profit of 32 cents, beating estimates of 14 cents; revenue of $3.12 billion edges past expectations of $3.11 billion

** As of last close, stock up 4% YTD

(Reporting by Koyena Das from Bengaluru)

((Koyena.das@thomsonreuters.com))

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