Chewy Inc (NYSE:CHWY) reported a Q4 net loss of $0.15 per share, versus a year-ago loss of $0.17 per share. Its revenue climbed to $1.35 billion from $1.09 billion. The company did not issue full-year outlook.
The company, based out of Dania Beach, Fla., said net sales of $4.85 billion grew 40% year-over-year on a 52-week to 52-week basis.
Gross margin of 23.6% expanded 340 basis points year-over-year.
Adjusted EBITDA loss of $81.0 million improved 65% year-over-year
Adjusted EBITDA margin of 1.7% improved 480 basis points year-over-year
"We completed 2019 with strong fourth quarter results, delivering net sales growth of 35% and expanding our gross margins by 320 basis points," said Sumit Singh, Chief Executive Officer of Chewy.
"While 2019 closed on a high note, and 2020 got off to a strong start, the world changed dramatically with the coronavirus outbreak. In times like these, we know how special and comforting the bond is between humans and pets, and we devote ourselves every day to supporting those special relationships.
"We are here, 24/7, caring for the safety and well-being of our team members and meeting the increased shop-at-home needs of our customers, staying true to our mission of being the most trusted and convenient online destination for pet parents everywhere."
CHWY is a trusted online destination for pet parents.
CHWY shares subsided $1.11, or 3.2%, to $33.95
