DANIA BEACH, Fla.–(BUSINESS WIRE)–Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted online destination for pet parents and partners everywhere, has released its financial results for the third quarter of fiscal year 2020 ended November 1, 2020, and posted a letter to its shareholders on its investor relations website at https://investor.chewy.com.
Fiscal Q3 2020 Highlights:
- Net sales of $1.78 billion grew 45 percent year-over-year
- Gross margin of 25.5 percent expanded 180 basis points year-over-year
- Net loss of $32.8 million, including share-based compensation expense of $25.1 million
- Net margin of (1.8) percent improved 460 basis points year-over-year
- Adjusted EBITDA(1) of $5.5 million improved 118 percent year-over-year
- Adjusted EBITDA margin(1) of 0.3 percent…
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