12:04 PM EDT, 05/29/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

Chewy's (CHWY) shares jumped 29% in recent Wednesday trading after the company reported fiscal Q1 adjusted earnings of $0.31 per diluted share, up from $0.20 a year earlier.

Analysts polled by Capital IQ expected $0.20.

Net sales for the quarter ended April 28 were $2.88 billion, up from $2.79 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.84 billion.

Price: 21.86, Change: +4.95, Percent Change: +29.27