Chewy increases turnover to 2.86 bn dollars

Chewy has announced its results for the second quarter of fiscal year 2024, ended 28 July. According to the results, net sales increased by 2.6 per cent to 2.86 bn US dollars. Adjusted net income increased by 40.2 mio dollars to 104.8 mio dollars.

"Our second quarter performance reflects another strong quarter in which we delivered net revenues at the high end of our guidance," said Sumit Singh, CEO of Chewy. The number of active customers is around 20 mio, which equates to net revenue per active customer of 565 dollars – a new record for the company.