Chewy falls after reiterating annual forecast

Shares of online pet products retailer Chewy CHWY.N fall 10.21% to $41.04

Company reiterates annual sales forecast to be between $12.30 billion and $12.45 billion

Sees Q2 net sales between $3.06 billion and $3.09 billion, compared with analysts' estimate of $3.06 billion - data compiled by LSEG

Q1 net sales of $3.12 billion beat estimate of $3.08 billion

Jefferies says the market was looking for a beat and raise

"The high bar wasn't met," brokerage says

Shares up ~24% YTD