secwatch.observer — SEC 8-K summary
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Issuer:     Chewy, Inc. (CHWY)
CIK:        0001766502
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001766502-23-000042
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766502/000176650223000042/0001766502-23-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766502/000176650223000042/chwy-20231206.htm
  HTML page:      https://secwatch.observer/filing/0001766502-23-000042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer