Chewy CFO to step down, shares fall

Shares of online pet products retailer Chewy CHWY.N down 4.5% at $37.79

Co says CFO David Reeder will be stepping down

"David will remain as CFO through our next earnings announcement in June and assist with an orderly transition as we undertake a search for his successor," CHWY says

Brokerage Oppenheimer views this "as a disappointment given his strong financial leadership and success in helping the company navigate a challenging pet backdrop and actually deliver upside in recent quarters"

Co expects to release Q1 results on June 11

Analysts on average expect Q1 profit of 19 cents per share and Q1 revenue of $3.08 billion - data compiled by LSEG

Including session's move, Chewy up 12.1% YTD