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Nov 01, 2020
Chewy Q3 2020 Earnings Report
Chewy's Q3 2020 financial results were released, showing significant year-over-year growth in net sales and improved profitability.
Key Takeaways
Chewy reported record net sales of $1.78 billion, a 45% increase year-over-year. Gross margin expanded to 25.5%, and adjusted EBITDA improved significantly. The company's focus on execution and inventiveness drove positive results, with strategic initiatives in proprietary brands and healthcare offerings contributing to the momentum.
Net sales reached $1.78 billion, representing a 45% increase year-over-year.
Gross margin expanded by 180 basis points to 25.5%.
Net loss was $32.8 million, which includes share-based compensation expense of $25.1 million.
Adjusted EBITDA improved 118% year-over-year, reaching $5.5 million.
Chewy
Chewy
Forward Guidance
No forward guidance was provided in the press release.