Companies /Consumer Cyclical

Chewy Inc - Class A

NYSE: CHWY Internet Retail
$18.22
▲ $0.05 (+0.28%) today
Markets closed · 8:56am ET

Q1 2025 Earnings

Reported Jun 11, 2025, 7:03am ET · SEC source
$0.35
Beat +3.15%
EPS · est. $0.34 Adjusted
$3.1B
Beat +1.15%
Revenue · est. $3.1B
−9.5%
Trailing market
CHWY vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
−8%−4%0Jun 11Jun 12report 7:03am ETearnings+0.2%−5.7%
−8%−4%0Jun 11Jun 12earnings+0.2%−5.7%
CHWY −5.7%S&P 500 +0.2%
−8%−4%0Jun 11Jun 12report 7:03am ETearnings+0.1%−5.7%
−8%−4%0Jun 11Jun 12earnings+0.1%−5.7%
CHWY −5.7%NASDAQ +0.1%
−5%0+5%+10%Jun 10Jun 18report 7:03am ETearnings−0.8%−2.1%
−5%0+5%+10%Jun 10Jun 18earnings−0.8%−2.1%
CHWY −2.1%S&P 500 −0.8%
−5%0+5%+10%Jun 10Jun 18report 7:03am ETearnings−0.8%−2.1%
−5%0+5%+10%Jun 10Jun 18earnings−0.8%−2.1%
CHWY −2.1%NASDAQ −0.8%
−10.98%
Day of report
+1.10%
Next session
+1.94%
One week
−6.04%
30 days

S&P 500 over the same 30 days: +3.46%.

Did CHWY Beat Earnings? Q1 2025 Results

Chewy posted a clean beat across the board in fiscal Q1 2025, with the online pet retailer reporting adjusted diluted EPS of $0.35, ahead of the $0.34 consensus estimate by 3.15%, as revenue climbed 8.3% year over year to $3.12 billion against expectations of $3.08 billion. The clearest engine behind the quarter's strength was Autoship, Chewy's subscription-like recurring revenue program, where sales surged 14.8% to $2.56 billion and represented 82.2% of total net sales, up from 77.6% a year ago, signaling deepening customer loyalty. Active customers grew 3.8% to 20.76 million, while net sales per active customer rose 3.7% to $583, together painting a picture of both breadth and depth in Chewy's consumer relationships. Adjusted EBITDA expanded 18.3% to $192.70 million, with the margin improving 50 basis points to 6.2%, as operating income rose 19% to $76.90 million. Free cash flow came in at $48.70 million, and Chewy ended the quarter with $616.40 million in cash, reinforcing the financial footing beneath its growth narrative.

Key Takeaways
  • Net sales growth of 8.3% year over year, exceeding the high end of guidance
  • Active customers grew 3.8% year over year to 20.756 million
  • Net sales per active customer increased 3.7% to $583
  • Autoship customer sales grew 14.8%, reaching 82.2% of net sales
  • Adjusted EBITDA margin expanded 50 basis points to 6.2%
  • Resilience of the pet category

“Fiscal year 2025 is off to a strong start as the momentum at Chewy continues. We delivered topline growth exceeding the high-end of our net sales guidance range, year-over-year growth in active customers, and compelling profitability and free cash flow generation. These results are a testament to the resiliency of the pet category and underscore the strength of Chewy's value proposition and our ability to continue to gain market share.”

Chewy CEO, on the earnings call

CHWY YoY Financials

Q1 2025 vs Q1 2024 · SEC filings Q1 2024 Q1 2025
$0$900.0M$1.8B$2.7B$2.9B$3.1BRevenue$854.0M$923.8MGross Profit$64.6M$76.9MOperating Income$66.9M$62.4MNet Income
$0$900.0M$1.8B$2.7BRevenueGross ProfitOperating IncomeNet Income

CHWY Revenue by Segment

Autoship Customer Sales$2.6B+14.8%

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