Chewy Q3 net sales up 8.2% to $2.74B, adj. EBITDA $82.1M; appoints David Reeder as CFO

Chewy, Inc.

2023-Q3 EPS reported $0.01 revenue$8,301,055,000

Net sales $2.74B (+8.2% YoY); net loss $35.8M (diluted EPS -$0.08); adjusted EPS $0.15.
Adjusted EBITDA $82.1M (3.0% margin, +20 bps YoY); gross margin 28.5% (+10 bps).
Autoship customer sales 76.4% of net sales (+310 bps); net sales per active customer $543 (+13.8% YoY); active customers 20.3M (-1.3%).
Appointed David Reeder (ex-GlobalFoundries CFO) as CFO effective Feb 14, 2024; Stacy Bowman returns to CAO.
Reeder's compensation: $600k base, $16.8M new hire RSU grant, annual equity at 1650% of base.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

David Reeder

Chief Financial Officer

CHWY · Chewy, Inc.

Effective: 2024-02-14
Filed: December 6, 2023, 6:59 PM ET

On December 4, 2023, the Board of Directors of the Company (the “Board”) approved the appointment of David Reeder as the Company’s CFO and principal financial officer, effective as of the date of Mr. Reeder’s employment with the Company, which is expected to be on February 14, 2024

Role change

Stacy Bowman

Chief Accounting Officer

CHWY · Chewy, Inc.

Effective: 2024-02-14
Successor: David Reeder
Filed: December 6, 2023, 6:59 PM ET

the Board removed Ms. Bowman as the interim CFO and principal financial officer, effective as of the CFO Employment Date

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Chewy, Inc. reported financial results for third quarter of fiscal year 2023 ended October 29, 2023.

Period: third quarter of fiscal year 2023 ended October 29, 2023
Result: reported results

Exact text from the filing

On December 6, 2023, Chewy, Inc. (the “Company”) announced its financial results for the third quarter of fiscal year 2023 ended October 29, 2023, by issuing a Letter to Shareholders (the “Letter”) and a press release.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Reeder was appointed as Chief Financial Officer at Chewy, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On December 4, 2023, the Board of Directors of the Company (the “Board”) approved the appointment of David Reeder as the Company’s CFO and principal financial officer, effective as of the date of Mr. Reeder’s employment with the Company, which is expected to be on February 14, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Stacy Bowman was removed as Chief Accounting Officer at Chewy, Inc..

Action: removed
Role: Chief Accounting Officer

Exact text from the filing

the Board removed Ms. Bowman as the interim CFO and principal financial officer, effective as of the CFO Employment Date

View on SEC.gov

309 earnings releases filed in the last 30 days. Browse all earnings releases →

Chewy, Inc. filing history →

Source: SEC EDGAR

accession 0001766502-23-000042

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