NYSE$CHWY

Chewy · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Chewy's financial performance improved with net sales increasing and gross margin remaining strong.

Chewy reported an 8.2% increase in net sales, reaching $2.74 billion. The gross margin remained strong at 28.5%. The company reported a net loss of $35.8 million, but adjusted EBITDA increased to $82.1 million.

  • Net sales increased by 8.2% year over year, reaching $2.74 billion.
  • Gross margin increased 10 basis points year over year to 28.5%.
  • Net loss was $35.8 million, including share-based compensation expense and related taxes of $65.8 million.
  • Adjusted EBITDA increased by $11.7 million year over year to $82.1 million.

Headline financials

Total Revenue

$2.74B

Previous: $2.53B+8.2%
EPS (adj)

$0.15

Previous: $0.01+1400.0%
Free Cash Flow

-$35.8M

Previous: $2.31M-1649.5%
Net Income

-$35.8M

Previous: $2.31M-1649.5%
Operating Income

-$10.2M

Previous: -$434K-2240.3%
Gross Profit

$781M

Previous: $720M+8.4%
Cash & Equivalents

$469M

Previous: $378M+24.1%
Total Assets

$2.94B

Previous: $2.49B+17.9%

Revenue & EPS history

Chewy · Revenue · Quarterly

$2.74B

Q3 2023+8.2%vs Q3 2022
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q3 2023

Historical avgQ3 2023

-1.0%

Avg return

Earnings day

-0.9%

Avg return

5 days after

+2.2%

Avg return

30 days after

46%

13 / 28 earnings

Positive

+27.4%

Q1 2024

Best reaction

-16.6%

Q2 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%-5.2%
Q4 2025+1.0%-1.5%
Q3 2026+1.5%-4.9%-7.7%
Q2 2026-16.6%-12.2%-7.3%
Q1 2025+0.1%+4.5%-5.6%
Q4 2024-1.1%-3.3%+9.5%
Q3 2024-7.6%-8.1%+7.0%
Q2 2024+11.0%+10.4%+15.9%
Q1 2024+27.4%+31.6%+61.1%
Q4 2023-4.6%-7.6%-3.2%
Q3 2023+4.4%+10.0%+10.9%
Q2 2023-12.1%-9.6%-33.1%
Q1 2023+18.7%+21.9%+30.7%
Q4 2022-12.4%-13.8%-17.6%
Q3 2022+5.9%+8.1%-9.0%
Q2 2022-9.7%-13.8%-18.2%
Q1 2022+17.7%+11.9%+50.0%
Q4 2021-12.3%-16.1%-33.9%
Q3 2021-13.9%-8.7%-19.3%
Q2 2021-10.0%-12.9%-23.5%
Q1 2021-3.9%-5.0%+10.0%
Q4 2020+7.4%+4.9%+3.3%
Q3 2020+1.1%+13.8%+31.0%
Q2 2020-12.5%-12.0%+0.1%
Q1 2020+1.8%-1.3%+6.5%
Q3 2019+2.2%+13.3%+14.7%
Q2 2019-6.7%-13.3%-12.1%
Q1 2019-3.1%-6.5%-2.3%
Q4 2018
Q3 2018
Q2 2018
Q1 2018

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