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In Q1, the company reported net sales of $3.36 billion, up 7.7%, and adjusted earnings per share of $0.43, both in line with consensus estimates.
Online pet-supplies retailer Chewy said Wednesday it expects net sales to come in between $13.4 billion and $13.55 billion this year, down from a prior forecast of $13.6 billion to $13.75 billion. Chief Executive Sumit Singh said that despite operating in a more challenging environment, Chewy continues to gain market share.
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