Shares of petcare retailer Chewy surged as much as 13 per cent after it posted a surprise profit and a strong full-year outlook.
The company earned $22.2mn in net income, a 20 per cent year-on-year increase and a shock to analysts, who expected a loss of $10.6mn. Its $2.78bn in sales was a 14 per cent improvement compared with the same quarter last year.
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