Chewy's Q4 Revenue Surges, Profits Dip

Chewy reports impressive revenue growth but faces challenges in customer expansion.Online pet products retailer Chewy (CHWY -1.41%) reported fiscal 2024 fourth-quarter earnings on Wednesday, March 26, that topped analysts' consensus expectations. Revenue for the quarter surged 14.9% year over year to $3.25 billion, outperforming forecasts of$3.2 billion. Adjusted earnings per share rose to $0.28 from$0.18 a year ago. However, net income fell nearly 29% to $22.8 million, as projected costs pressured margin ...