Chewy raises FY22 revenue view to $10.02B-$10.04B from $9.9B-$10B

Consensus $9.99B. Sees FY22 adjusted EBITDA margin 2.3%-2.4%. The company said, "As consumers navigate a challenging economic backdrop, spending in the pet category remains resilient. Our current outlook for the balance of 2022 assumes these trends continue and that we don’t see any material change in current economic circumstances, consumer behavior, or key inputs like fuel prices. We are raising our full year adjusted EBITDA target, which reflects our expectations of continued gross margin momentum and additional SG&A leverage."