Chewy grew sales 8% year over year, although its gross profit margin on those sales inched lower, and its net profit margin declined 30 basis points to a slim 2%. That would probably be fine if Chewy had actually earned $0.35.

CHWY eyes Q1 y/y revenue and earnings growth as Autoship, ads and vet services fuel its diversified pet care strategy.

Chewy stock was falling in premarket trading Wednesday even after the pet-supply e-commerce company posted better-than-expected earnings for its fiscal first quarter. The company reported adjusted earnings of 35 cents a share on $3.