Categories AlphaGraphs, Consumer, Earnings
Earnings: Chewy (CHWY) reports higher sales and profit for Q1 2023
Chewy Inc. (NYSE: CHWY) has reported a sharp increase in net sales and adjusted profit for the first quarter of 2023. The pet food company also provided guidance for the second quarter and fiscal 2023.
The company reported a net income of $22.2 million or $0.05 per share for the April quarter, which is higher than the $18.5 million or $0.04 per share profit achieved in the same period of last year.
The bottom line benefitted from a 15% increase in net sales to $2.78 billion. The management expects second-quarter 2023 sales to be in the range of $2.75 billion to $2.77 billion. The forecast for full-year sales is $11.15-11.35 billion.
“The superior value proposition of the Chewy brand continues to resonate, and our team continues to demonstrate operating discipline and high-quality execution,” said Sumit Singh, chief executive officer of Chewy.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
