Chewy's Q3 Earnings Soar: Autoship Drives Growth

Chewys Q3 earnings surpass expectations, driven by Autoship growth and app engagement. The online pet supply retailer reported an 8.3% year-over-year sales increase, reaching $3.12 billion, with a non-GAAP profit of $0.32 per share. Autoship programs success and improved app features contributed to higher net sales per active customer. Chewy plans to expand its Chewy Plus membership program and health ecosystem, aiming for stable growth through operational improvements and strategic investments.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.