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Feb 02, 2020
Chewy Q4 2019 Earnings Report
Chewy's Q4 2019 financial results were released, showing net sales growth and gross margin expansion.
Key Takeaways
Chewy reported strong fourth-quarter results with net sales of $1.35 billion, representing a 35% year-over-year growth. The company's gross margin expanded by 320 basis points. Net loss was $60.9 million, and adjusted EBITDA loss improved significantly.
Net sales reached $1.35 billion, a 35% increase year-over-year.
Gross margin expanded by 320 basis points year-over-year, reaching 24.1%.
Net loss was $60.9 million, including share-based compensation expense of $45.9 million.
Adjusted EBITDA loss improved 89% year-over-year to $5.8 million.
Chewy
Chewy
Forward Guidance
The world changed dramatically with the coronavirus outbreak. Chewy is focusing on the safety and well-being of team members and meeting the increased shop-at-home needs of our customers.