On Wednesday, Chewy Inc. (NYSE:CHWY) reported better-than-expected second-quarter 2024 results and reaffirmed annual guidance.

The company reported sales of $2.86 billion, up 2.6% year over year, almost in line with the consensus of $2.86 billion and the management guidance of $2.84 billion, $2.86 billion.

The retailer of pet supplies reported adjusted EPS of $0.24 compared to the consensus of $0.02 and $0.15 a year ago.

In the earnings conference call, the company said unique customers who placed orders through the app increased by approximately 13% year-over-year, with overall mobile app orders increasing by approximately 15%.

“We observed ...