Benzinga - by Chris Katje, Benzinga Staff Writer.
The pet e-commerce company Chewy Inc (NYSE: CHWY) reported second-quarter financial results after the market close Wednesday. Here are the key highlights.
What Happened: Chewy reported second-quarter net sales of $2.78 billion, which was up 14.3% year-over-year. The net sales came in ahead of a Street consensus estimate of $2.76 billion, according to data from Benzinga Pro.
The company reported earnings per share of 15 cents in the second quarter, beating a Street consensus estimate of a loss of 5 cents per share.
“We delivered solid results in Q2 across both topline and profitability, with 14% growth exceeding guidance,” Chewy CEO Sumit Singh said.
Chewy saw net sales per customer over the trailing 12 months hit $530, up 14.7% year-over-year.
The company highlighted its Autoship service in the second-quarter report.
“Chewy once again gained share as our customers recognize the power of our personalized Autoship service, best-in-class healthcare experience, and overall value proposition as key differentiators, resulting in robust ordering behavior, which in turn is driving our strong performance.”
Related Link: Chewy’s Future Looks Bright: Analyst Upgrades Rating, Predicts 10% Revenue Growth Through 2027
What’s Next: Chewy will host a conference call to discuss the results at 5 p.m. ET. The company did not give guidance in its quarterly results for the third quarter or full fiscal year.
Chewy also said it will host its inaugural investor day event later this year.
CHWY Price Action: Chewy shares are up 4% to $28.52 in after-hours trading versus a 52-week trading range of $25.29 to $52.88.
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