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Feb 02, 2025
Chewy Q4 2024 Earnings Report
Chewy reported strong revenue growth and improved profitability in Q4 2024, exceeding the high end of guidance ranges.
Key Takeaways
Chewy's Q4 2024 earnings showed net sales of $3.25 billion, up 14.9% year-over-year. The company reported a net income of $22.8 million and adjusted net income of $120 million. Gross margin expanded to 28.5%, while free cash flow more than doubled to $156.6 million.
Net sales increased 14.9% year-over-year to $3.25 billion.
Gross margin expanded to 28.5%.
Net income was $22.8 million for the quarter.
Adjusted diluted EPS grew to $0.28, a 55.6% increase year-over-year.
Forward Guidance
Chewy anticipates continued strong growth in 2025 with focus on innovation and customer loyalty.
Positive Outlook
- Strong active customer growth momentum.
- Continued expansion of Autoship customer loyalty.
- Investment in innovation across the pet category.
- Enhanced financial discipline supporting profitability.
- Positive market trends in the pet products and services industry.
Challenges Ahead
- Macroeconomic uncertainties could impact discretionary spending.
- Competitive pressures in e-commerce and retail.
- Potential supply chain disruptions.
- Pressure on margins due to promotional activities.
- Ongoing labor and logistics cost headwinds.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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