Chewy (CHWY) Reports Roughly In-Line Q2 Revenues
Chewy (NYSE: CHWY) reported Q2 revenue of $2.16 billion versus the consensus estimate of $2.17 billion.
“We have now crossed the halfway point of 2021, and our results once again demonstrate the strength of our business model and the incredible bond between pets and pet parents,” said Sumit Singh, Chief Executive Officer of Chewy. “Our business remains healthy, with second quarter net sales up 27 percent year over year, driven by a 21 percent increase in active customers and a 13 percent increase in net sales per active customer. Customer engagement is growing, and we are confident in our ability to deliver strong results while navigating uncertain market conditions due to the ever-evolving COVID-19 pandemic.”
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