Chewy Inc Stock Price, News & Analysis

Chewy reported its fiscal Q4 and full year 2020 results, highlighting a 51% growth in net sales to $2.04 billion and a net income of $21 million. The gross margin increased by 300 basis points to 27.1%. For the full year, net sales reached $7.15 billion, up 47% year over year, although the company posted a net loss of $92.5 million. Adjusted EBITDA was $60.8 million for Q4 and $85.2 million for the full year, reflecting significant operational progress. The company aims to enhance its position as a leading e-commerce destination for pet owners.

Chewy, Inc. (NYSE: CHWY) will announce its fiscal fourth quarter and full year 2020 financial results on March 30, 2021, after the market closes. A conference call will be held at 5:00 PM ET to discuss the results. Investors can access the call through a toll-free number or an international line. The replay will be available shortly after the live call until April 6, 2021. Chewy aims to be the most trusted online source for pet products, partnering with over 2,000 of the best brands while focusing on quality and customer service.

Chewy, Inc. (NYSE: CHWY) reported its Q3 2020 financial results showing a 45% year-over-year increase in net sales, reaching $1.78 billion. The gross margin expanded to 25.5%, up 180 basis points year-over-year. Although the company incurred a net loss of $32.8 million, adjusted EBITDA improved by 118% to $5.5 million, with an adjusted EBITDA margin of 0.3%, reflecting a year-over-year improvement of 280 basis points. These results demonstrate Chewy's strong market execution and evolving product strategies, alongside growing healthcare offerings for pets.

Chewy, Inc. (NYSE: CHWY) announced that CEO Sumit Singh has been named to the 2020 ‘Bloomberg 50’, recognizing innovators who have transformed the global business landscape. The list, published in the December 7 issue of Bloomberg Businessweek, honors those making significant impacts across various sectors. Singh expressed gratitude for the recognition and attributed Chewy's success to its dedicated team and loyal customers. The company continues to focus on growth and customer experience under his leadership, aiming to be the most trusted online destination for pet parents.

PetSmart plans to release its third quarter fiscal 2020 results on December 8, 2020, followed by a conference call on December 9, 2020. Access to the results will be provided to lenders, holders of senior unsecured notes, prospective investors, and market makers. Interested parties must pre-register to access the call. PetSmart operates approximately 1,650 stores and offers a range of pet services, including grooming and boarding. The company acquired Chewy in May 2017 and retains a controlling interest in the online pet product retailer.

Chewy (NYSE: CHWY) will announce its fiscal third quarter 2020 financial results on December 8, 2020, after market close. A conference call to discuss these results is scheduled for 5:00 pm ET. The announcement emphasizes Chewy's commitment to being a leading online destination for pet products, driven by partnerships with over 2,000 trusted brands and a focus on customer experience. The call's details include a conference ID and options for live and replay access.

Chewy (NYSE: CHWY) has introduced a new telehealth service named “Connect With a Vet” aimed at enhancing veterinary care accessibility for pet owners during the COVID-19 pandemic. The service enables users to consult licensed veterinarians for advice without diagnosis or treatment. Initially launched in Florida and Massachusetts in May, it has expanded to over 35 states and is free for Autoship subscribers, who account for nearly 70% of Chewy's net sales. Over 80% of users rated the service 10/10 during its pilot phase, reflecting strong customer satisfaction.

PetSmart, Inc. will release its second quarter fiscal 2020 results on September 10, 2020, accessible via their secure website. A conference call to discuss these results is scheduled for September 11, 2020. Access to the call is restricted to lenders under credit facilities and holders of the Company's senior unsecured notes, who must pre-register to participate. PetSmart operates around 1,650 stores across the U.S., Canada, and Puerto Rico, and acquired Chewy, Inc. in May 2017, which functions as an independent subsidiary.