Chewy’s financial results second quarter
Chewy’s second quarter earnings prove at least two things. One, pet parents are showing their furry (and not so furry) home companions much love during the COVID-19 pandemic. And two, that the business of pets — per a long-held thesis — holds up well during recessions.
The outcome of the second quarther at a glance:
• Net Sales: sales up 47% year-over-year to $1.7 billion versus estimates for $1.64 billion
• Active Customers: up 37.9% year-over-year to 16.6 million versus estimates for 15.8 million
• Gross Profit Margin: 25.5% (23.6% a year ago) versus estimates for 24.1%
• Adjusted EBITDA: $15.5 million (loss of $29.2 million last year) versus estimates for a loss of $12.4 million
• Non-GAAP EPS: loss of 8 cents (loss of 21 cents last year) versus estimates for a loss of 13 cents
Source: Yahoo finance