Chewy (CHWY) Tops Q4 EPS by 2c, Sales In-Line

Chewy (NYSE: CHWY) reported Q4 EPS of ($0.15), $0.02 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.35 billion.

“We completed 2019 with strong fourth-quarter results, delivering net sales growth of 35 percent and expanding our gross margins by 320 basis points,” said Sumit Singh, Chief Executive Officer of Chewy. “While 2019 closed on a high note, and 2020 got off to a strong start, the world changed dramatically with the coronavirus outbreak. In times like these, we know how special and comforting the bond is between humans and pets, and we devote ourselves every day to supporting those special relationships. We are here, 24/7, caring for the safety and well-being of our team members and meeting the increased shop-at-home needs of our customers, staying true to our mission of being the most trusted and convenient online destination for pet parents everywhere.”

For earnings history and earnings-related data on Chewy (CHWY) click here.

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