Chewy Inc Stock Price, News & Analysis

Chewy, Inc. (NYSE: CHWY) has released its Q1 2021 financial results, reporting net sales of $2.14 billion, a significant increase of 31.7% year-over-year. The gross margin expanded to 27.6%, up 420 basis points from the prior year. Net income reached $38.7 million, with a net margin of 1.8%, an improvement of 480 basis points. Additionally, adjusted EBITDA surged to $77.4 million, reflecting an increase of $73.9 million year-over-year. Management emphasized ongoing growth initiatives and innovation as key drivers for success.

Chewy (NYSE: CHWY) enhances its telehealth service, Connect with a Vet, by introducing video consultations and the option to preschedule appointments. The service, launched in October 2020, aims to improve pet healthcare access and convenience for customers, now operating weekdays from 8 a.m. to 11 p.m. ET, with weekend hours coming soon. Strong customer satisfaction is evident, with 80% rating the service a perfect 10. This growth reflects Chewy's commitment to providing affordable and accessible pet health solutions through technology.

Chewy, Inc. (NYSE: CHWY) announced it will report its fiscal first quarter 2021 financial results after market close on June 10, 2021. The company will hold a conference call at 5:00 pm ET to discuss these results. Chewy aims to be the leading online destination for pet products, offering a wide range of high-quality items from over 2,500 trusted brands. The press release highlights Chewy's commitment to customer service and innovative engagement.

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.