Roundup: Chewy cuts losses in half as revenue jumps 45%

Web-only pet goods retailer Chewy reported its first quarterly results since going public, with its expanding private-label business and its online pet pharmacy helping to keep revenue growing. Chewy grew sales to $1.11 billion during its first fiscal quarter ending May 5, up 45.4% from $763.5 million during the same period last year. Chewy is owned by PetSmart, No. 58 in the Internet Retailer 2019 Top 1000, which used the initial public offering to help pay down $8 billion in debt.

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