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By the staff of Pet Business
Published on:
Chewy, Inc. announced a net business figure of $ 1.15 billion in its second quarter earnings report, released today after the market closes. This represents a 43% year-over-year increase in the Company's second quarter ended August 4th.
Other highlights of the report include:
• 12 million active customers (39% increase year-on-year);
• $ 352 in net sales per active customer (10% increase year-over-year);
• $ 800 million in customer sales by automatic shipment (48.5% increase year-over-year)
• Gross margin of 23.6% increased 300 basis points year-over-year;
• Net loss of $ 82.9 million, including a cash-settled stock-based compensation expense of $ 43.8 million;
• The $ 29.2 million loss from Adjusted EBITDA improved by 45% over the previous year; and
• Adjusted EBITDA margin of (2.5)% increased 410 basis points over the prior year.
"We are pleased to announce solid results for the second quarter of 2019, with a net business turnover up 43% over the previous year and a gross margin up 300 points base on the same horizon, "said Sumit Singh, CEO of Chewy, in a press release relating to the report. . "Keeping the customer at the center of everything we do is at the heart of our mission: to become the most reliable and convenient online destination for pet parents. The team continues to deliver on our strategy of sustainable growth and margin expansion. "
The company will host a teleconference and webcast to discuss the report today at 5:00 pm ET.
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