RTTNews | Sep 2, 2021 12:35PM EDT

12:35 Thursday, September 2, 2021 (RTTNews.com) - Shares of online pet food retailer Chewy Inc. (CHWY) are down 9 percent on Thursday's trading as the company reported wider-than-expected loss in the second quarter. Sales were up 27 percent, but came in below Street expectations.

The company posted net loss of $16.7 million or $0.04 per share in the second quarter, lower than net loss of $32.8 million or $0.08 per share in the same period last year. On average, 15 analysts polled by Thomson Reuters expected the company to post net loss of $0.02 per share in the quarter. Analysts' estimates, usually, exclude one-time items.

Net sales for the three-month period rose to $2.16 billion from $1.69 billion a year ago, while analysts were looking for revenues of $2.20 billion for the quarter.

Currently at $79.90, the stock has traded between $51.25 and $120.00 during the past 52 weeks.

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