a dog sits in front of the new york stock exchange nyse during chewy incs initial public offering ipo in new york us on friday june 14 2019 shares of chewy surged more than 13 in extended trading wednesday after the pet retailer posted earnings that beat wall streets estimates heres how the digital retailer did in its fiscal first quarter compared with what wall street was anticipating based on a survey of analysts by refinitiv   earnings per share 5 cents vs a loss of 4 cents a share expected the companys reported net income for the threemonth period that ended april 30 was 2218 million or 5 cents a share compared with 1847 million or 4 cents a share a year earlier sales rose to 278 billion up 147 from 243 billion a year earlier net sales per active customer and sales from autoship customers reached record highs in the quarter chewy said in a press release gross margins were up about 1 percentage point the earnings beat comes after the retailer posted its first annual profit at the close of fiscal 2022 earlier this year but it noted the pet industry was seeing softness in discretionary and hard goods categories which carry higher margins than consumables like pet food