Newly Public Chewy Announces “Strong” First Fiscal Quarter July 19, 2019

Newly Public Chewy Announces “Strong” First Fiscal Quarter

Chewy has reported “strong” quarterly results with sales growing 45 percent year-over-year. The company, which went public last month, released its financial results for the first fiscal quarter, ending May 5.  

Fiscal Q1 2019 Highlights:

  •     Net sales grew 45.2 percent year-over-year to $1.1 billion
  •     Gross Margin of 22.9 percent improved 330 basis points year-over-year
  •     Net loss of $29.6 million improved 50.6 percent year-over-year

“We are pleased to report strong first quarter 2019 results as a newly public company with net sales growing 45 percent year-over-year, and gross margins increasing 330 basis points year-over-year,” said Sumit Singh, CEO of Chewy. “We will continue to innovate with a keen focus on delivering the best customer experience as we execute on our mission to become the most trusted and convenient online destination for pet parents.”




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