Chewy announces financial results

Chewy has released its financial results for the second quarter of fiscal year 2021 ended 1 August. The net sales of 2.16 bn dollars grew 26.8 per cent year over year. The net loss of 16.7 mio dollars includes share-based compensation expense of 25.6 mio dollars.
"Our business remains healthy, with second quarter net sales up 27 per cent year over year, driven by a 21 per cent increase in active customers and a 13 per cent increase in net sales per active customer. Customer engagement is growing, and we are confident in our ability to deliver strong results while navigating uncertain market conditions due to the ever-evolving Corona-pandemic", said Sumit Singh, CEO of Chewy.