Chewy Q1 2025 Earnings Show Robust Growth Despite Challenges

Online pet retailer Chewy (NYSE: CHWY) reported its financial results for the first quarter of fiscal year 2025, demonstrating a strong start with significant increases in net sales and adjusted earnings per share. However, the company faced challenges meeting expected earnings per share due to increased operating expenses. The increase in net sales – reaching $3.12 billion – outpaced the revenue expectation of $3.07 billion from the same period last year. Notably, active customers grew along with a higher average net sales per customer, indicating continued customer engagement and product demand.