Chewy Posts In-Line Q2 Earnings: Pet Parents Cut Treats, Not Necessities
Chewy Q2 sales rose 7.3% to $3.33B; guidance raised. Analysts cited weak discretionary demand and a mixed outlook.
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Chewy Q2 sales rose 7.3% to $3.33B; guidance raised. Analysts cited weak discretionary demand and a mixed outlook.
U.S. stock markets declined on Wednesday as inflation concerns and Middle East geopolitical tensions drove bond yields to multiyear highs. The Dow Jones fell 0.8%, Nasdaq dropped 0.6%, and S&P 500 slid 0.5%. Oil prices surged above $100 per barrel, with Brent crude reaching $101.21, raising concerns about economic fallout from potential supply disruptions. Treasury yields climbed significantly, making government securities more attractive relative to equities.
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