Jefferies Reiterates Buy Rating on Chewy Inc. (CHWY)

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Go back to Jefferies Reiterates Buy Rating on Chewy Inc. (CHWY)

Chewy Announces First Quarter 2024 Financial Results

May 29, 2024 7:05 AM EDT

PLANTATION, Fla.--(BUSINESS WIRE)-- 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 2024 ended April 28, 2024.

Fiscal Q1 2024 Highlights:

Net sales of $2.88 billion increased 3.1 percent year over year Gross margin of 29.7 percent increased 130 basis points year over year Net income of $66.9 million, including share-based compensation expense and related taxes of $69.5 million Net margin of 2.3 percent increased 150 basis points year over year Basic and diluted earnings per share... More