By Dean Seal
Chewy logged a big jump in revenue for the fiscal fourth quarter and topped adjusted earnings estimates, though its profit declined year over year.
The online pet-product retailer posted a profit of $22.8 million, or 5 cents a share, for the quarter ended Feb. 2, compared with $31.9 million, or 7 cents a share, in the same period a year earlier.
Stripping out one-time items, adjusted earnings were 28 cents a share. Analysts polled by FactSet had been expecting 21 cents a share.
Sales rose almost 15% to $3.25 billion, topping analyst projections for $3.2 billion.
Chief Executive Sumit Singh said the outperformance was driven by strong active customer growth and loyalty to its Autoship program.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
March 26, 2025 07:30 ET (11:30 GMT)
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