Chewy, Inc. (CHWY) reported first-quarter fiscal 2025 earnings on [specific date]. The company achieved adjusted earnings of 35 cents per share, exceeding the Zacks Consensus Estimate of 34 cents and marking a 12.9% increase year over year. Net sales reached $3,116 million, surpassing the estimate of $3,076 million, and grew 8.3% from $2,877.7 million in the previous year.
Chewy ended the quarter with 20.8 million active customers, a 3.8% increase year over year, and Autoship customer sales grew 14.8%, making up 82.2% of total net sales. The company expanded its Chewy Vet Care initiative, opening three new clinics, bringing the total to 11 across four states, and plans to open eight to ten more in fiscal 2025. Cash and cash equivalents stood at $616.4 million, and the company remains debt-free, reporting total liquidity of approximately $1.4 billion.
For Q2 fiscal 2025, Chewy expects net sales of $3.06 billion to $3.09 billion (7-8% year-over-year growth) and adjusted earnings per share of 30 to 35 cents. For the full fiscal year, sales are projected between $12.3 billion and $12.5 billion, with a margin expansion of approximately 75 basis points expected.
