Chewy Beats on “Strong” Customer Growth

From Yahoo Finance: 2025-03-26 09:20:00

Chewy’s Q4 2024 financial report showed revenue of $3.3 billion, up 17% from the previous year, beating expectations. Earnings per share were $0.28, a 56% increase. The company reached 20.5 million active customers, with net sales per customer growing by 4% to $578.

Investors reacted positively, with Chewy’s stock up 5% in premarket trading. The company’s adjusted EBITDA was $124.5 million, up 44% year over year. Free cash flow nearly tripled to $156.6 million. Chewy forecasts adjusted earnings of $0.30 to $0.35 per share for Q1 2025.

Chewy’s growth in active customers and net sales per customer exceeded expectations. The company’s financial performance indicates strong customer loyalty and growth potential. Investors will closely monitor future growth and management’s outlook for 2025. Chewy forecasts sales of $12.3 billion to $12.45 billion for FY 2025.

Read more: Chewy Beats on “Strong” Customer Growth