
Chewy's Q3 Revenue Growth Overshadowed by Profit Miss and Stock Dip
Chewy Inc. reported a 4.8% year-over-year increase in Q3 revenue to $2.88 billion, surpassing analyst expectations. The company achieved adjusted earnings per share of $0.20, significantly beating the forecasted $0.06. Chewy's gross margin improved by 80 basis points to 29.3%, and its adjusted EBITDA margin expanded by 180 basis points to 4.8%. Despite modest revenue growth, Chewy's operational discipline has led to improved profitability metrics. The stock saw a slight decline of 0.4% in after-hours trading.




