Categories AlphaGraphs, Consumer, Earnings

Earnings: Chewy (CHWY) swings to profit in Q4 on higher revenues

Chewy Inc. (NYSE: CHWY) has reported higher sales for the fourth quarter of 2022. Reflecting the strong top-line growth, the pet food company turned to profit from a loss last year.

Chewy Q4 2022 earnings infographic

The company reported a net income of $6.1 million or $0.01 per share for the January quarter, marking an improvement from the prior-year period when it incurred a loss of $63.6 million or $0.15 per share.

The bottom line benefitted from a 13% increase in net sales to $2.71 billion. The management expects first-quarter 2023 sales to be in the range of $2.72 billion to $2.74 billion. The forecast for full-year sales is $11.1-11.3 billion.

“Our fourth quarter and full-year fiscal 2022 results cap an incredible year. Against the backdrop of a rapidly changing operating and economic environment, Chewy produced record-high revenue, profitability, and free cash flow,” said Sumit Singh, chief executive officer of Chewy.

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Key highlights from Johnson & Johnson’s (JNJ) Q2 2025 earnings results

Johnson & Johnson (NYSE: JNJ) reported its second quarter 2025 earnings results today. Reported sales increased 5.8% year-over-year to $23.7 billion. Operational sales growth was 4.6%. Net earnings grew over

Hasbro (HAS) Earnings Preview: What to expect from the Q2 2025 report

Shares of Hasbro, Inc. (NASDAQ: HAS) stayed red on Tuesday. The stock has gained 43% over the past three months. The toy company is scheduled to report its earnings results

Citigroup (C) Q2 FY25 earnings rise on higher revenues, beat estimates

Banking giant Citigroup Inc. (NYSE: C) reported higher revenues and earnings for the second quarter of fiscal 2025. The numbers also exceeded Wall Street's estimates. Net income increased to $4.0

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top