Chewy (CHWY, Financial) stock jumped nearly 5% in pre-market trading on Wednesday, and investors are excited about the pet retailer's strong Q4 performance.
In the fourth quarter, the company hit net sales of $3.25 billion, a jump of almost 15% from last year, and its gross margin climbed to 28.5%. Adjusted EBITDA increased by $38.1 million to reach $124.5 million, while adjusted net income rose by nearly $39.7 million. Although basic and diluted earnings per share slipped slightly, the overall numbers show a vibrant quarter.
Over the full fiscal year, Chewy delivered net sales of $11.86 billion with impressive margin improvements. The company continues to grow its active customer base and sees solid loyalty in its Autoship program.
The company CEO Sumit Singh stated that the momentum will continue in 2025 because the retailer continues to perform well in a competitive market. It helped spawn the optimism that Chewy is a dog in the growing pet products pack.
Chewy's focus on innovation and operational efficiency is well appreciated by investors.
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