Chewy Announces Third Quarter 2025 Financial Results (Form 8-K)

Chewy Announces Third Quarter 2025 Financial Results

PLANTATION, Fla., December 10, 2025 (BUSINESS WIRE) - Chewy, Inc. (NYSE: CHWY) ("Chewy"), a trusted destination for pet parents and partners everywhere, has released its financial results for the third quarter of fiscal year 2025 ended November 2, 2025.

Fiscal Q3 2025 Highlights:

•Net sales of $3.12 billion increased 8.3 percent year over year

•Gross margin of 29.8 percent increased 50 basis points year over year

•Net income of $59.2 million, including share-based compensation expense and related taxes of $76.5 million

•Net margin of 1.9 percent increased 180 basis points year over year

•Basic earnings per share of $0.14, an increase of $0.13 year over year

•Diluted earnings per share of $0.14, an increase of $0.13 year over year

•Adjusted EBITDA(1) of $180.9 million, an increase of $42.7 million year over year

•Adjusted EBITDA margin(1) of 5.8 percent increased 100 basis points year over year

•Adjusted net income(1) of $135.7 million, an increase of $50.7 million year over year

•Adjusted basic earnings per share(1) of $0.33, an increase of $0.13 year over year

•Adjusted diluted earnings per share(1) of $0.32, an increase of $0.12 year over year

"Chewy continues to outperform the pet category and expand market share, with profits once again growing faster than sales," said Sumit Singh, Chief Executive Officer of Chewy. "Our Q3 results build on the momentum from the first half of fiscal 2025 and highlight both the structural resilience of our model and the execution quality of every team member at Chewy. We exceeded the high end of our net sales guidance, grew margins, and delivered strong free cash flow generation."

Management will host a conference call and webcast to discuss Chewy's financial results today at 8:00 am ET.

Chewy Fiscal Third Quarter 2025 Financial Results Conference Call

When: Wednesday, December 10, 2025

Time: 8:00 am ET

Live webcast and replay: https://investor.chewy.com

Conference call registration: https://www.netroadshow.com/events/login/LE9zwo3ifEB1Q2KO6hmeulR0FUt2Dd2pUO6

(1) Adjusted EBITDA, adjusted EBITDA margin, adjusted net income, and adjusted basic and diluted earnings per share are non-GAAP financial measures. See "Non-GAAP Financial Measures" for additional information and "Key Financial and Operating Data" for a reconciliation to the most comparable GAAP measures.

About Chewy

Our mission is to be the most trusted and convenient destination for pet parents and partners everywhere. We believe that we are the preeminent online source for pet products, supplies, and prescriptions as a result of our broad selection of high-quality products and services, which we offer at competitive prices and deliver with an exceptional level of care and a personal touch to build brand loyalty and drive repeat purchasing. We seek to continually develop innovative ways for our customers to engage with us, as our websites and mobile applications allow our pet parents to manage their pets' health, wellness, and merchandise needs, while enabling them to conveniently shop for our products. We partner with approximately 3,200 of the best and most trusted brands in the pet industry, and we create and offer our own private brands. Through our websites and mobile applications, we offer our customers approximately 130,000 products and services offerings, to bring what we believe is a high-bar, customer-centric experience to our customers.