Chewy Inc - CHWY STOCK NEWS

Chewy (NYSE: CHWY) has launched a new advertising campaign that emphasizes the deep, familial bonds between pet parents and their pets. Supported by a survey revealing that 84% of pet owners view their pets as family, and 93% feel happier due to their pets, the campaign showcases relatable scenarios in three TV spots. Highlights include:

• 30% of pet parents consider their pet their favorite child.
• Over 40% describe their pet as their best friend.
• 42% include pets in their wills.

Chewy, Inc. (NYSE: CHWY) reported its fiscal Q4 and full year 2022 results, showcasing a year-over-year revenue increase of 13.4%, totaling $2.71 billion in Q4 and $10.1 billion for the year. The gross margin improved to 28.1% in Q4, while net income reached $6.1 million. Adjusted EBITDA rose significantly to $92 million in Q4, marking an impressive annual increase of $227.4 million, with adjusted net income at $225.8 million. Chewy's CEO, Sumit Singh, emphasized the company's success in gaining market share amid economic changes, attributing growth to a wide range of offerings for pet parents.

Chewy, Inc. (NYSE: CHWY) will report its fiscal fourth quarter and full year 2022 financial results after the market closes on March 22, 2023. Management will host a conference call at 5:00 pm ET to discuss the results. Interested parties can join the live call at 1-844-200-6205 (US Toll-Free) and access the replay until March 29, 2023. Chewy aims to be the most trusted online destination for pet products, partnering with over 3,000 brands to offer over 100,000 products, enhancing customer engagement and brand loyalty.

Chewy, Inc. (NYSE: CHWY) reported its third-quarter financial results for fiscal 2022, ending October 30, 2022, with net sales reaching $2.53 billion, a 14.5% year-over-year increase. The gross margin expanded by 200 basis points to 28.4%, while adjusted EBITDA was $70.4 million, reflecting a $64.4 million increase year-over-year. Net income stood at $2.3 million, resulting in a net margin of 0.1%, up 160 basis points from the previous year. Chewy's performance highlights its resilience in the pet product market amid a challenging macroeconomic environment.

Chewy, Inc. (NYSE: CHWY) will announce its fiscal third quarter 2022 financial results on December 8, 2022, after market closure. A conference call to discuss these results will take place at 5:00 pm ET. Interested investors can participate by calling the designated numbers provided for both the live event and the replay, which will be available until December 15, 2022.

Chewy aims to be a trusted online source for pet products, offering over 100,000 items from more than 3,000 trusted brands.

Chewy, Inc. (NYSE: CHWY) is launching a holiday initiative titled "Letters to Chewy Claus", aiming to create joy for pets nationwide. The program allows pets to send holiday wish lists, and Chewy Claus will fulfill these wishes by delivering gifts to pets. Furthermore, for every letter submitted before December 15, Chewy will donate one pound of food to shelters, up to 15,000 pounds. Chewy also plans to match customer purchases with product donations, totaling up to $10M during their Season of Giving, which runs until January 3, 2023.

Chewy, Inc. (NYSE: CHWY) is expanding its CarePlus insurance offerings by partnering with Lemonade (NYSE: LMND) to provide new pet health plans. This collaboration allows Chewy customers to customize insurance plans while benefiting from telehealth services and Chewy Pharmacy. The new plans aim to make pet healthcare more accessible, with features such as an intuitive Lemonade app for hassle-free claims and policy management. The CarePlus with Lemonade plans will launch on Chewy.com in Spring 2023, enhancing customer experience and commitment to innovation in pet healthcare.

Chewy, Inc. (NYSE: CHWY) reported its Q2 2022 financial results, achieving net sales of $2.43 billion, a 12.8% increase year-over-year. The company demonstrated improved operational efficiency with a gross margin of 28.1%, up 60 basis points. Despite a net income of $22.3 million affected by $39.7 million in share-based compensation, adjusted EBITDA rose significantly by $59.8 million to $83.1 million, reflecting a robust adjusted EBITDA margin of 3.4%.

Chewy, Inc. (NYSE: CHWY) will report its fiscal second quarter 2022 financial results on August 30, 2022, after market close. A conference call will be held at 5:00 pm ET to discuss the results. Investors can access the call via a toll-free number or through a webcast on the company's investor relations page. The replay will be available for a limited time following the live event. Chewy aims to be the leading online source for pet products, emphasizing customer engagement and loyalty through a wide selection of quality products.