Chewy Q2 net sales rise 8.6% to $3.10 billion; GAAP net income falls to $62.0 million
Chewy reported second-quarter fiscal 2025 results for the period ended August 3, 2025. Net sales rose 8.6% to $3.10 billion and adjusted EBITDA rose to $183.3 million, but GAAP net income fell to $62.0 million, or $0.14 per diluted share, from $299.1 million a year earlier, when a $275.7 million tax benefit was recorded.
- Net sales of $3.10 billion, up 8.6% year over year; CEO Sumit Singh said net sales exceeded the high end of the company's guidance range
- Net income of $62.0 million versus $299.1 million a year earlier; the prior-year period included a $275.7 million deferred tax valuation allowance release
- Adjusted EBITDA of $183.3 million, up $38.4 million year over year; adjusted diluted EPS of $0.33, up $0.09
- Autoship customer net sales rose 15% and represented 83% of total net sales for the quarter