Chewy FY2025 sales rise 6.2% to $12.6 billion, but net income falls 43%
Chewy reported fiscal 2025 net sales of $12.60 billion, up 6.2%, and adjusted EBITDA of $719.2 million, up 26.1%. Full-year GAAP net income fell to $222.8 million from $392.7 million, and diluted EPS fell to $0.52 from $0.91, mainly because the prior year included a $275.7 million tax benefit from releasing a valuation allowance. Shareholders get higher sales and adjusted profit alongside a lower GAAP profit figure.
Key points
- Fourth-quarter net sales were $3.26 billion, up 0.5% from a year earlier (8.1% on a normalized 13-week basis), and Q4 net income rose to $39.2 million from $22.8 million.
- Full-year diluted EPS was $0.52 versus $0.91; adjusted diluted EPS rose 22.1% to $1.27.
- Free cash flow was $562.4 million, up 24.3%, and active customers reached 21.3 million, up 4.0%.
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 25, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.