earnings
confidence high
sentiment positive
materiality 0.80
Chewy Q2 net sales $2.86B (+2.6% YoY), adjusted EPS $0.24, net margin 10.5% — record customer spending
Chewy, Inc.
2024-Q2 EPS reported
$0.84
revenue$5,736,314,000
- Net sales of $2.86B, up 2.6% YoY, at high end of guidance.
- Net income $299.1M ($0.68 diluted EPS); margin 10.5% vs 0.7% a year ago.
- Adjusted EBITDA $144.8M, up $56.7M YoY; adjusted EPS $0.24 vs $0.15.
- Active customers grew sequentially to 20M; net sales per active customer hit record $565.
- Gross margin expanded 120 bps to 29.5%, driven by supply-chain efficiencies.