Chewy shares surge 21% on Q1 results, raised 2024 margin outlook
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Chewy Announces First Quarter 2024 Financial Results
May 29, 2024 7:05 AM EDTPLANTATION, Fla.--(BUSINESS WIRE)-- Chewy, Inc. (NYSE: CHWY) (Chewy), a trusted destination for pet parents and partners everywhere, has released its financial results for the first quarter of fiscal year 2024 ended April 28, 2024.
Fiscal Q1 2024 Highlights:
Net sales of $2.88 billion increased 3.1 percent year over year Gross margin of 29.7 percent increased 130 basis points year over year Net income of $66.9 million, including share-based compensation expense and related taxes of $69.5 million Net margin of 2.3 percent increased 150 basis points year over year Basic and diluted earnings per share... More