Chewy Announces Third Quarter 2019 Financial Results

16 Dec 2019

Fiscal Q3 2019 Highlights:GlobalPETS | Chewy Announces Third Quarter 2019 Financial Results

    •    Net sales of $1.23 billion grew 40 percent year-over-year

    •    Gross margin of 23.7 percent expanded 410 basis points year-over-year

    •    Net loss of $79.0 million, including a non-cash share-based compensation charge of $39.3 million

    •    Adjusted EBITDA(1) loss of $30.2 million improved 56 percent year-over-year

    •    Adjusted EBITDA margin(1) of (2.5) percent improved 530 basis points year-over-year

Chewy remains focused on delivering product innovation and technology that makes finding and buying the right product easy, convenient, and enjoyable. We believe we are transforming the industry with our truly unique and personalized, high-bar shopping experience that builds trust and brand loyalty by keeping the customer at the center of everything we do.”