Chewy raises full-year guidance as it beats Q3 expectations

Quick Summary:

The online pet retailer saw net sales increase nearly 5% driven by strength in its Autoship subscription service and nondescretionary categories.

Chewy also expects its adjusted EBITDA margin to be between 4.6% and 4.8%, up from 4.5% to 4.7%.

Looking ahead, Chewy raised its full-year guidance.

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Article Details

Author / Journalist: Caroline Jansen

Category: EconomyBusiness

Markets: United States

Topics: Year Sales Singh Clinic Billion Increase Healthcare Chewy Retailer Categories Autoship

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-05 @ 10:40:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 446 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 24143570

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