Chewy EBITDA Margins Climb: How Close Is CHWY to Its 10% Goal?

Key Takeaways CHWY exceeded Q3 sales guidance as adjusted EBITDA rose 30% y/y to $180.9 million.CHWY expanded the adjusted EBITDA margin 100 bps to 5.8% through gross-margin gains and SG&A discipline.Chewy expects margins to be within 450 bps of its 10% target by year-end.Chewy, Inc. (CHWY) has been on track toward its long-term adjusted EBITDA margin of 10%, as it continues to demonstrate consistent year-over-year profitability improvement, with third-quarter fiscal 2025 results building on the momentum es ...