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Oct 29, 2023
Chewy Q3 2023 Earnings Report
Chewy's financial performance improved with net sales increasing and gross margin remaining strong.
Key Takeaways
Chewy reported an 8.2% increase in net sales, reaching $2.74 billion. The gross margin remained strong at 28.5%. The company reported a net loss of $35.8 million, but adjusted EBITDA increased to $82.1 million.
Net sales increased by 8.2% year over year, reaching $2.74 billion.
Gross margin increased 10 basis points year over year to 28.5%.
Net loss was $35.8 million, including share-based compensation expense and related taxes of $65.8 million.
Adjusted EBITDA increased by $11.7 million year over year to $82.1 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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