Chewy, Inc.’s Fiscal Fourth Quarter and Full Year 2024 Results: A Tail-Waggingly Good Performance
In the sun-soaked, pet-loving community of Plantation, Florida, the team at Chewy, Inc. has been working tirelessly to ensure the happiness and well-being of our furry friends and their dedicated parents. And their hard work has paid off, as evidenced in their recently released financial results for the fiscal fourth quarter and full year 2024.
A Year of Growth: Fiscal Q4 2024 Results
The clock struck midnight on February 2, 2025, and with it came a new fiscal year for Chewy, Inc. But before they could turn the page, they wanted to share some impressive numbers from the previous quarter:
- Net sales: A robust $3.25 billion, representing a 14.9 percent year-over-year improvement.
- Gross margin: Expanded to a healthy 28.5 percent, an impressive 30-basis-point increase from the previous year.
- Net income: A respectable $22.8 million, despite the inclusion of share-based compensation expense and related taxes amounting to $99 million.
A Look Back at the Year: Full Year 2024 Results
The full year 2024 results painted a similarly rosy picture:
- Net sales: A record-breaking $12.34 billion, up 16.3 percent year over year.
- Gross margin: Held steady at 28.5 percent.
- Net income: A commendable $152.3 million, including share-based compensation expense and related taxes of $413.3 million.
So, What Does This Mean for Me and the World?
Now, you might be wondering, “How does this affect me, a humble pet parent, and the world at large?” Let’s take a paws-itive look:
For you: With Chewy’s continued growth comes more options for pet parents, from a wider selection of products to improved services. Plus, their financial strength allows them to invest in research and development, ensuring they’re always at the forefront of pet care innovation.
For the world: Chewy’s success story is a testament to the growing importance of pets in our lives and the thriving pet care industry. As more people become pet parents, the demand for high-quality products and services will only increase, providing opportunities for businesses and job growth.
A Bright Future Ahead
So there you have it, folks! Chewy, Inc.’s financial results for the fiscal fourth quarter and full year 2024 are a cause for celebration. With their unwavering commitment to pet parents and their furry companions, the future looks bright for this beloved pet care provider. And as always, we’ll be here to keep you updated on all things Chewy!
Stay pawsome, everyone!
