Sales exceeding 2.2 billion, pet brand Chewy Q3 grew by 24%!

2023-09-15
1638
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Author:Wang Meirong
Source: ennews

Recently, American pet brandsChewy announced its sales performance for the third quarter. From the results released this time, Chewy still maintains growth in various aspects, with many highlights.

 

Among them,Net salesreach2.21 billion US dollars, a year-on-year increase of 24.1%;Gross profit margin is26.4%, a year-on-year increase of 90 basis points;Net lossdamage 32.2 million US dollars, includingYes$19.1 million in share compensation expenses;(1.5)% increase in net profit margin by 30 basis points year-on-year.In addition,After adjustmentEBITDA (1) was $6 million, a year-on-year increase of 9.9%;After adjustmentThe EBITDA profit margin (1) is 0.3%, unchanged year-on-year.


The sales revenue of Sailing Information exceeded 2.2 billion, and the pet brand Chewy Q3 increased by 24%!

 

Last quarter,Chewy's net sales were $2.16 billionThe gross profit margin is27.5%, with a net loss of 16.7 million US dollars.It can be seen that although strong growth has been maintained in multiple aspects, net losses are also increasing.

 

Sumit Singh, CEO of Chewy, stated,Q3Due toStrong demand and consumer engagement, with year-on-year growth in net sales24%, or two years of cumulative growthYes86%.Its companyThis year's sustained growth demonstrates the robustness of the growth strategy.The uniqueness of Chewy's value proposition and the durability of pet categories.

B2B sales exceeded 2.2 billion, and pet brand Chewy Q3 grew by 24%!

The image is sourced from its official website

Sumit SinghAlso stated that the companyThe profitability of the third quarter reflects the impact of sustained supply chain disruptions, labor shortages, and rising inflation.stayIn dealing with these macro uncertainties,ChewystilltakeFocusing on the long-term and committed to establishing a lasting franchise, providing services to millions of loyal pets, pet parents, and partners.

 

Recently,ChewystillFor exceeding20 million customers have provided an exclusive pet health insurance and health plan. The person in charge of Chewy stated that they will continue to expand their portfolio of health products and services under the Chewy Health brand to help pet enthusiasts receive more support and assistance.

 

The company has been established for ten years and is also the largest vertical pet e-commerce in the United States. It is deeply loved by consumers for its meticulous service and high-quality products. In recent years, the pet product market has been relatively hot, and the brand has also seized the appropriate opportunity. How can the fourth quarter performance be expected.


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