Chewy, Inc. (NYSE: CHWY) ("Chewy"), a trusted destination for pet parents and partners everywhere, has released its financial results for the second quarter of fiscal year 2021 ended August 1, 2021, and posted a letter to its shareholders on its investor relations website at https://investor.chewy.com.
Fiscal Q2 2021 Highlights:
- Net sales of $2.16 billion grew 26.8 percent year over year
- Gross margin of 27.5 percent expanded 200 basis points year over year
- Net loss of $16.7 million, including share-based compensation expense of $25.6 million
- Net margin of (0.8) percent improved 110 basis points year over year
- Adjusted EBITDA of $23.3 million, an increase of 50.5 percent year over year
- Adjusted EBITDA margin of 1.1 percent improved 20 basis points year over year
"We have now crossed the halfway point of 2021, and our results once again demonstrate the strength of our business model and the incredible bond between pets and pet parents," said Sumit Singh, Chief Executive Officer of Chewy. "Our business remains healthy, with second quarter net sales up 27 percent year over year, driven by a 21 percent increase in active customers and a 13 percent increase in net sales per active customer. Customer engagement is growing, and we are confident in our ability to deliver strong results while navigating uncertain market conditions due to the ever-evolving COVID-19 pandemic."
Submitted September 02, 2021 at 08:51AM by KingTimKap https://ift.tt/3zFmEn0
