澳洲幸运5开奖号码历史查询

Chewy Results Top Estimates as Online Pet Retailer's Customer Base Grows

Boxes of pet supplies delivered from Chewy

Deb Cohn-Orbach / UCG / Universal Images 𝕴Group via G﷽etty Images

Key Takeaways

  • Chewy's quarterly earnings and revenue exceeded forecasts as the online pet supplies retailer grew its customer base.
  • The company noted that sales to customers who had Chewy products shipped automatically was up 21%.
  • Chewy shares have more than doubled over the past year.

Chewy (CHWY) shares advanced after the online pet supplies provider posted better-than-anticipated results as its customer base expanded.

The retailer reported fourth-quarter adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $0.28, with 𒉰revenue increasing 15% year-over-year to $3.25 billion. Both exceeded Visible Alpha foreca🌼sts. 

CEO Sumit Singh said sales growth and profitability came in above the high end of the company's expectations in both the quarter and full year. Singh explained that the performance "was underpinned by strong active customer growth, and compelling Autoship customer loyalty."

Chewy's active customers rose 2% to 20.5 million, and net sales per active customer was 4% higher to $578. Sales to those who had products shipped automatically jumped 21% to $2.62 billion, and made up more than 80% of total sales. That compared to 76% the previous year.

Shares of Chewy, which rose 2% soon after the opening bell Wednesday, have skyrocketed more than 120% in the last 12 months.

CHWY

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