Companies /Consumer Cyclical

Chewy Inc - Class A

NYSE: CHWY Internet Retail
$18.17
▲ $0.45 (+2.54%) today
Markets closed · 4:22pm ET

Q4 2024 Earnings

Reported Mar 26, 2025, 7:04am ET · SEC source
$0.28
Beat +36.65%
EPS · est. $0.20 Adjusted
$3.2B
Beat +1.59%
Revenue · est. $3.2B
+14.8%
Beating market
CHWY vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
−6%−3%0+3%Mar 26Mar 27report 7:04am ETearnings−1.4%−3.6%
−6%−3%0+3%Mar 26Mar 27earnings−1.4%−3.6%
CHWY −3.6%S&P 500 −1.4%
−6%−3%0+3%Mar 26Mar 27report 7:04am ETearnings−2.1%−3.6%
−6%−3%0+3%Mar 26Mar 27earnings−2.1%−3.6%
CHWY −3.6%NASDAQ −2.1%
−12%−8%−4%0Mar 25Apr 3report 7:04am ETearnings−5.6%−9.8%
−12%−8%−4%0Mar 25Apr 3earnings−5.6%−9.8%
CHWY −9.8%S&P 500 −5.6%
−12%−8%−4%0Mar 25Apr 3report 7:04am ETearnings−7.9%−9.8%
−12%−8%−4%0Mar 25Apr 3earnings−7.9%−9.8%
CHWY −9.8%NASDAQ −7.9%
−1.07%
Day of report
−1.68%
Next session
+2.26%
One week
+11.70%
30 days

S&P 500 over the same 30 days: −3.12%.

Did CHWY Beat Earnings? Q4 2024 Results

Chewy capped its fiscal year on a high note, posting a blowout Q4 2024 that beat Wall Street on both the top and bottom lines and reinforced the pet retailer's case for durable, subscription-driven growth. Adjusted diluted EPS of $0.28 topped the $0.20 consensus by 36.65%, while net sales of $3.25 billion edged past the $3.20 billion estimate, rising 14.1% year over year, aided in part by an extra 14th week in the quarter. The standout driver was Autoship, which accounted for 80.6% of Q4 net sales, up sharply from 76.4% a year earlier, a deepening loyalty dynamic that helped lift adjusted EBITDA 44% to $124.53 million and expand the margin to 3.8%. For the full fiscal year, net sales grew to $11.86 billion, and the company repurchased roughly $943 million in shares, signaling management confidence in the business. CEO Sumit Singh noted that both Q4 and full-year results exceeded the high end of guidance ranges, and that momentum has carried into 2025, with the company committed to driving further innovation across the pet category.

Key Takeaways
  • Strong active customer growth of 2.1% year over year to 20.514 million
  • Net sales per active customer increased 4.1% to $578
  • Autoship customer sales grew 21.2% year over year in Q4 to 80.6% of net sales
  • Gross margin expansion of 30 basis points year over year to 28.5% in Q4
  • Adjusted EBITDA margin expanded 70 basis points to 3.8% in Q4
  • Q4 benefited from an extra (14th) week compared to the prior year's 13-week quarter

“Topline growth and profitability exceeded the high-end of our guidance ranges for both the fourth quarter and full year 2024. Our performance was underpinned by strong active customer growth, and compelling Autoship customer loyalty. As we embark on 2025, the momentum in the business has remained strong and we remain committed to executing Chewy's strategic priorities as we continue to drive innovation across the pet category.”

Chewy CEO, on the earnings call

Forward Guidance & Outlook

CEO Sumit Singh stated that topline growth and profitability exceeded the high-end of guidance ranges for both Q4 and full year 2024. He noted that momentum in the business has remained strong heading into 2025 and the company remains committed to executing its strategic priorities and driving innovation across the pet category.

CHWY YoY Financials

Q4 2024 vs Q4 2023 · SEC filings Q4 2023 Q4 2024
$0$900.0M$1.8B$2.7B$2.8B$3.2BRevenue$802.5M$926.0MGross Profit$-6,454,872$-9,712,000Operating Income$34.3M$22.8MNet Income
$0$900.0M$1.8B$2.7BRevenueGross ProfitOperating IncomeNet Income

CHWY Revenue by Segment

Autoship Customer Sales$2.6B+21.2%

Figures from SEC filings and company reports. Not investment advice.