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May 03, 2020
Chewy Q1 2020 Earnings Report
Chewy's financial performance for Q1 2020 showed strong growth and improved profitability.
Key Takeaways
Chewy reported a strong start to 2020 with net sales increasing 46% year-over-year and gross margins expanding 50 basis points. The company achieved its first-ever quarter of positive adjusted EBITDA.
Net sales reached $1.62 billion, a 46% increase year-over-year.
Gross margin expanded by 50 basis points to 23.4% year-over-year.
Net loss was $47.9 million, including share-based compensation expense of $42.3 million.
Adjusted EBITDA improved 122% year-over-year to $3.4 million.
Forward Guidance
No specific forward guidance was provided in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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