Financial Performance - Net sales for Q4 2023 were 2.83billion,a4.231.9 million, with a net margin of 1.1%, an 80 basis point increase year-over-year[2] - Adjusted EBITDA for Q4 2023 was 86.5million,adecreaseof6.2 million year-over-year, with a margin of 3.1%, contracting 30 basis points[2] - Full-year 2023 net sales were 11.15billion,a10.2368.1 million, an increase of 61.3millionyear−over−year,withamarginof3.331.886 million, compared to 6.784millionforthesameperiodin2023[19]−AdjustedEBITDAforthe13weeksendedJanuary28,2024was86.467 million, compared to 92.672millionforthesameperiodin2023[19]−Netsalesforthe13weeksendedJanuary28,2024were2.825 billion, compared to 2.712billionforthesameperiodin2023[19]−Netmarginforthe13weeksendedJanuary28,2024was1.180.278 million, compared to 70.312millionforthesameperiodin2023[24]−Adjustedbasicearningspershareforthe13weeksendedJanuary28,2024was0.19, compared to 0.17forthesameperiodin2023[24]−Adjusteddilutedearningspershareforthe13weeksendedJanuary28,2024was0.18, compared to 0.16forthesameperiodin2023[24]OperationalMetrics−Chewyoffersapproximately115,000productsandservicesthroughitswebsitesandmobileapplications[5]−Chewypartnerswithapproximately3,500trustedbrandsinthepetindustry[5]StrategicOutlook−CEOSumitSinghhighlightedthecompany′scommitmenttoexpandingmarginsandgeneratingfreecashflowin2024[13]ShareholderandCompensationMetrics−Weighted−averagecommonsharesusedincomputingadjustedearningspershareforthe13weeksendedJanuary28,2024was431.6million,comparedto424.328millionforthesameperiodin2023[24]−Share−basedcompensationexpenseandrelatedtaxesforthe13weeksendedJanuary28,2024was60.665 million, compared to $50.188 million for the same period in 2023[24]
Chewy(CHWY)2024-03-20 20:05