Chewy Inc. (CHWY) PT Raised to $24 at BofA Securities

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Go back to Chewy Inc. (CHWY) PT Raised to $24 at BofA Securities

Chewy Announces Second Quarter 2024 Financial Results

August 28, 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 second quarter of fiscal year 2024 ended July 28, 2024.

Fiscal Q2 2024 Highlights:

Net sales of $2.86 billion increased 2.6 percent year over year Gross margin of 29.5 percent increased 120 basis points year over year Net income of $299.1 million, including share-based compensation expense and related taxes of $82.5 million Net margin of 10.5 percent increased 980 basis points year over year Basic earnings per share... More