WS News
26 Mar 2025, 20:22
Chewy ends fiscal 2024 with record sales, improved margins, and strong customer growth
Chewy reported fiscal fourth quarter 2024 net sales of $3.25 billion, a 14.9% increase year over year, and full-year sales of $11.86 billion, up 6.4%. quarterly gross margin expanded 30 basis points to 28.5%, while adjusted ebitda rose 44% to $124.5 million. full-year net income reached $392.7 million, up significantly from $39.6 million in 2023, with a net margin of 3.3%. adjusted diluted earnings per share for the year grew to $1.04 from $0.69. autoship customer sales represented over 79% of annual sales, reflecting strong loyalty. free cash flow for the year was $452.5 million, up 31.9%. the company ended the year with 20.5 million active customers and remains focused on innovation and strategic execution in 2025.
Chewy reported fiscal fourth quarter 2024 net sales of $3.25 billion, a 14.9% increase year over year, and full-year sales of $11.86 billion, up 6.4%. quarterly gross margin expanded 30 basis points to 28.5%, while adjusted ebitda rose 44% to $124.5 million. full-year net income reached $392.7 million, up significantly from $39.6 million in 2023, with a net margin of 3.3%. adjusted diluted earnings per share for the year grew to $1.04 from $0.69. autoship customer sales represented over 79% of annual sales, reflecting strong loyalty. free cash flow for the year was $452.5 million, up 31.9%. the company ended the year with 20.5 million active customers and remains focused on innovation and strategic execution in 2025.
