Chewy Beats on "Strong" Customer Growth

Here's our initial take on Chewy's (CHWY 2.77%) fiscal 2024 fourth-quarter financial report.Key MetricsMetricQ4 2023Q4 2024Changevs. ExpectationsRevenue$2.8 billion$3.3 billion17%BeatEarnings per share$0.18$0.2856%BeatActive customers20.1 million20.5 million2%n/aNet sales per active customer (TTM)$555$5784%n/aChewy Returns to GrowthChewy posted earnings and revenue numbers for the quarter that topped Wall Street expectations. Perhaps as importantly, the online pet supply retailer provided clear evidence tha ...