Chewy Announces First Quarter 2021 Financial Results

Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted destination for pet parents and partners everywhere, has released its financial results for the first quarter of fiscal year 2021 ended May 2, 2021 and posted a letter to its shareholders on its investor relations website.

Fiscal Q1 2021 Highlights:

• Net sales of $2.14 billion grew 31.7 percent year over year
• Gross margin of 27.6 percent expanded 420 basis points year over year
• Net income of $38.7 million, including share-based compensation expense of $24.8 million
• Net margin of 1.8 percent improved 480 basis points year over year
• Adjusted EBITDA of $77.4 million, an increase of $73.9 million year over year
• Adjusted EBITDA margin of 3.6 percent improved 340 basis points year over year

“2021 is already turning out to be an exciting and busy year for Chewy. We continue to execute against our growth roadmap, expand our customer base, increase share of wallet and grow our addressable market-expanding verticals,” said Sumit Singh, Chief Executive Officer of Chewy. “I am incredibly proud of the determination and focus of our teams and their ability to accelerate our pace of innovation on behalf of our customers, while consistently delivering strong top-line and bottom-line results for our shareholders.”

Management will host a conference call and webcast to discuss Chewy’s financial results today at 5 p.m. ET.

Chewy Fiscal First Quarter 2021 Financial Results Conference Call
When: Thursday, June 10, 2021
Time: 5:00 p.m. ET
Conference ID: 10156829
Live Call: 1-866-270-1533 (US/Canada Toll-Free) or 1-412-317-0797 (International)
Replay: 1-877-344-7529 (US Toll-Free), 855-669-9658 (Canada Toll-Free), or 1-412-317-0088 (International)
(The replay will be available approximately two hours after the completion of the live call until 11:59 p.m. ET on June 17, 2021)
Webcast can be found here.