Pet e-commerce company Chewy's Q3 revenue was $2.88 billion, up 4.8% year-on-year

It is learned that on December 4, the U.S. pet e-commerce Chewy released its third-quarter financial report for fiscal year 2024. As of October 27, Chewy's third-quarter revenue was US$2.88 billion, a year-on-year increase of 4.8%.

Here's a summary of Chewy's third-quarter financial results:

Revenue was $2.88 billion, up 4.8% year-over-year

Gross profit margin was 29.3%, an increase of 80 basis points year-on-year

Net profit was US$3.9 million, with a net profit margin of 0.1%, an increase of 140 basis points year-on-year

Adjusted EBITDA was $140 million, an increase of $55.7 million year-over-year

Adjusted EBITDA margin was 4.8%, up 180 basis points year-over-year

Adjusted net income was $84.9 million, an increase of $21.5 million year-over-year

The number of active customers was approximately 20.2 million, a month-on-month increase of 160,000

The report shows that Autoship (automatic subscription model) customer sales reached US$2.3 billion this quarter, accounting for 80% of net sales, an increase of about 9% year-on-year. Among them, non-essential categories (including consumables and healthcare products) accounted for 85%. Customers highly appreciate Chewy's rich product catalog and continuously updated food, snacks and durable varieties. In recent years, Chewy has added popular categories such as pet technology, veterinary food and supplements, and launched a number of high-end brands, most of which are exclusively sold.

Chewy CEO Sumit Singh said that the third quarter results continued the good momentum of the second quarter, with revenue growth exceeding expectations, the number of active customers continued to increase, the adjusted EBITDA profit margin continued to rise, and free cash flow grew strongly. These results demonstrate the robustness of Chewy's business model and the team's continued efforts in high-quality execution and operations.

Author ✎ Rayna/

Statement: This article is copyrighted and may not be reproduced without permission. If you need authorization, please contact: happy