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Chewy Q1 Sales Rise AutoShip Hits Record
Chewy, Inc. (NYSE:CHWY) reported its Q1 FY2025 earnings on June 11th, delivering net sales of $3.12 billion (+8.3% year-over-year), adjusted EBITDA of $192.7 million (6.2% adjusted EBITDA margin), and 20.8 million active customers (+3.8% year-over-year). The company exceeded internal forecasts on both growth and profitability, continued disciplined share repurchases, and announced strong incremental progress across core initiatives including AutoShip, Chewy Plus, advertising, and veterinary clinic expansion. The following summary highlights specific drivers of competitive strength, tangible progress on high-impact initiatives, and management's data-rich outlook for the remainder of fiscal 2025.The AutoShip subscription model accounted for 82.2% of total net sales, up from the mid-60% range at IPO, and AutoShip revenue grew 14.8% year-over-year, significantly outpacing total company growth. The attach-rate acceleration reflects not only higher customer engagement, but also the effectiveness of product ecosystem development and compounding cross-sell into recurring categories.Continue reading
Chewy, Inc. (NYSE:CHWY) reported its Q1 FY2025 earnings on June 11th, delivering net sales of $3.12 billion (+8.3% year-over-year), adjusted EBITDA of $192.7 million (6.2% adjusted EBITDA margin), and 20.8 million active customers (+3.8% year-over-year).
The company exceeded internal forecasts on both growth and profitability, continued disciplined share repurchases, and announced strong incremental progress across core initiatives including AutoShip, Chewy Plus, advertising, and veterinary clinic expansion. The following summary highlights specific drivers of competitive strength, tangible progress on high-impact initiatives, and management's data-rich outlook for the remainder of fiscal 2025.
The AutoShip subscription model accounted for 82.2% of total net sales, up from the mid-60% range at IPO, and AutoShip revenue grew 14.8% year-over-year, significantly outpacing total company growth. The attach-rate acceleration reflects not only higher customer engagement, but also the effectiveness of product ecosystem development and compounding cross-sell into recurring categories.
