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Chewy reports Q2 adjusted EPS 33c, consensus 33c

Reports Q2 revenue $3.1B, consensus $3.08B. “Q2 net sales exceeded the high end of our guidance range, growing nearly 9% year over year to $3.1 billion, with Autoship customer net sales increasing by 15% and representing 83% of total net sales for the quarter,” said Sumit Singh, CEO of Chewy (CHWY). “Chewy’s differentiated value proposition was once again on display, with both active customers and share of wallet growing 4.5% year over year to reach nearly 21 million customers and $591, respectively.”

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