Chewy shares fall 3% despite better-than-expected Q4 results By Investing.com
© Reuters Chewy shares fall 3% despite better-than-expected Q4 results
By David Kirakosyan
Shares of Chewy (NYSE:NYSE) fell nearly 3% after-hours despite the company’s better-than-expected fourth-quarter results, with EPS of $0.16, better than the consensus estimate of $0.16. ($0.11).
Revenue grew 13.4% year-over-year to $2.71 billion, beating the consensus estimate of $2.64 billion. The company ended the quarter with 20.4 million active customers. Net revenue per active customer increased 15.1% year over year to $495.
Additionally, Autoship customer sales grew 17.5% year-over-year and generated 73.3% of the company’s Q4 net revenue, up 260 basis points year-over-year.
Fourth-quarter gross margin rose 270 basis points to 28.1%, driven by favorable prices compared to Q4/21 and to a lesser extent due to the company’s ongoing supply chain transformation. company.
“Our fourth-quarter and full-year 2022 results represent an incredible year. Against the backdrop of a rapidly changing economic and operating environment, Chewy has generated record high revenues, profits and free cash flow,” said Sumit Singh, CEO of Chewy.