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May 04
Chewy Q1 2025 Earnings Report
Chewy reported solid performance in Q1 2025 with growth in revenue, active customers, and profitability.
Key Takeaways
Chewy delivered a strong Q1 2025 with $3.12 billion in revenue, $62.4 million in net income, and stable EPS, supported by growth in Autoship customer sales and improved operating metrics.
Chewy
Chewy
Forward Guidance
Management highlighted ongoing market share gains and profitability momentum while cautioning about macroeconomic uncertainties.
Positive Outlook
- Revenue exceeded high-end of guidance range
- Year-over-year growth in active customers
- Strong free cash flow generation
- Improved adjusted EBITDA margin
- Continued strength in Autoship sales
Challenges Ahead
- Gross margin slightly declined YoY
- Net income fell from prior year
- Macroeconomic risks remain
- Continued pressure on SG&A and marketing expenses
- Inventory fluctuations impacting working capital