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Aug 02, 2020
Chewy Q2 2020 Earnings Report
Chewy's financial performance improved significantly in the second quarter of 2020, marked by substantial net sales growth and margin expansion.
Key Takeaways
Chewy reported net sales of $1.70 billion, a 47% year-over-year increase. The company's gross margin expanded to 25.5%, and it achieved positive adjusted EBITDA for the second consecutive quarter. The net loss was $32.8 million, which included share-based compensation expenses.
Net sales reached $1.70 billion, reflecting a 47 percent increase year-over-year.
Gross margin expanded by 190 basis points to 25.5 percent year-over-year.
Net loss was $32.8 million, which included share-based compensation expense of $37.8 million.
Adjusted EBITDA improved 153 percent year-over-year, reaching $15.5 million.