Chewy (CHWY) Tops Q2 EPS by 9c, Offers Q3 and FY Guidance

(Updated - September 10, 2020 4:22 PM EDT)

Chewy (NYSE: CHWY) reported Q2 EPS of ($0.08), $0.09 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.64 billion.

• Net sales of $1.70 billion grew 47 percent year-over-year
• •Gross margin of 25.5 percent expanded 190 basis points year-over-year
• •Net loss of $32.8 million, including share-based compensation expense of $37.8 million
• •Net margin of (1.9) percent improved 530 basis points year-over-year
• •Adjusted EBITDA(1) of $15.5 million improved 153 percent year-over-year
• •Adjusted EBITDA margin(1) of 0.9 percent improved 340 basis points year-over-year

Guidance:

Chewy sees Q3 revenue of $1.70-$1.72 billion vs $1.7 billion consensus.

Chewy sees FY20 revenue of $6.775-$6.825 billion vs $6.85 billion consensus.

For earnings history and earnings-related data on Chewy (CHWY) click here.

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