Can Chewy Hit 10% EBITDA Margin? Autoship Holds the Key

Key Takeaways Chewy is pursuing a multi-year glidepath to a 10% adjusted EBITDA margin.Autoship reached 84% of Q3 sales, rising 13.6% and outpacing total net sales growth.CHWY lifted gross margin to 29.8% on mix shift, while free cash flow and buybacks increased.Chewy, Inc. (CHWY) model is increasingly pairing steady revenue with structural margin improvement. The foundation is a favorable mix shift toward higher-margin contributors like sponsored ads and the health ecosystem, along with tighter cost contro ...