2020-06-09 16:14:33 CHWY Chewy
06/09/20 06/0916:14 06/09/2016:14 | Chewy reports Q1 EPS (12c), consensus (16c)Reports Q1 revenue $1.62B, consensus $1.53B. Q1 Gross margin of 23.4% expanded 50 basis points year-over-year, Q1 Adjusted EBITDA of $3.4M improved 122% year-over-year. "We had a strong start to 2020 with first quarter net sales increasing 46 percent year-over-year and gross margins expanding 50 basis points. We also achieved a significant milestone by delivering our first ever quarter of positive adjusted EBITDA," said Sumit Singh, CEO. "We are proud to be the e-tailer of choice for millions of new and existing pet parents during this unprecedented time. Chewy is well-positioned to thrive in this expanded marketplace, and we remain focused, as always, on our mission of becoming the most trusted and convenient online destination for pet parents (and partners) everywhere." |
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