Chewy presents growing results

Chewy has released its financial results for the second quarter of fiscal year 2025. Highlights for this revenue period include net revenue, which grew 8.6 per cent year-on-year to 3.10 bn US-dollar. Gross margin increased 90 basis points year-on-year to 30.4 per cent. Net profit was 62.0 mio US-dollar, including share-based compensation expenses and related taxes of 79.1 mio US-dollar. Adjusted EBITDA was 183.3 mio US-dollar, an increase of 38.4 mio US-dollar compared to the previous year.

“Second quarter net sales exceeded the high end of our guidance and increased nearly 9 per cent year-over-year to 3.1 bn US-dollar, with net sales from Autoship customers increasing 15 per cent and representing 83 per cent of total net sales for the quarter”, said Sumit Singh, Chewy's chief executive officer. “Chewy's differentiated value proposition has once again proven itself, with both active customers and share of customer budget (NSPAC) increasing 4.5 per cent year-over-year to nearly 21 mio customers and 591 US-dollar, respectively.”