Chewy reports Q3 revenue $2.53B, consensus $2.46B

Reports Q3 adjusted EBITDA $70.4M. "Chewy’s third quarter results showed accelerating double-digit topline growth, sustained gross margin expansion, and solid free cash flow generation. The fact that we are simultaneously driving top line growth and expanding margins is yet another proof point of our ability to get big fast and get fit fast, regardless of the macro environment," said Sumit Singh, Chief Executive Officer of Chewy. "Our results are a clear indication of the resiliency of the pet category and how Chewy’s compelling value proposition of low prices, personalized service, and delivery convenience across a broad selection of products continues to resonate with our customers."