Chewy Q1 net sales rise 8.3% to $3.12 billion; net income falls to $62.4 million
Chewy reported first quarter fiscal 2025 results for the 13 weeks ended May 4, 2025. Net sales grew 8.3% to $3.12 billion, but GAAP net income fell 6.7% to $62.4 million and GAAP diluted earnings per share stayed flat at $0.15. Adjusted diluted earnings per share rose to $0.35 from $0.31, and adjusted EBITDA increased 18.3% to $192.7 million, figures that exclude share-based compensation and other items.
- Net sales of $3.12 billion, up 8.3% year over year; active customers of 20.756 million, up 3.8%
- Net income of $62.4 million versus $66.9 million a year earlier; diluted EPS of $0.15, unchanged
- Adjusted diluted EPS of $0.35 versus $0.31; adjusted EBITDA of $192.7 million versus $162.9 million
- Free cash flow of $48.7 million versus $52.6 million; the filing gives no updated guidance