Financial PerformanceChewy reported a significant adjusted EBITDA beat, exceeding estimates by approximately 44%, driven by stronger sales, improved gross margins, and lower than expected SG&A expenses.
Membership ProgramChewy is piloting an annual membership program at $49, offering significant value compared to the $560 in trailing 12-month net revenue per active customer.
Share Repurchase ProgramChewy initiated a new $500M share repurchase program, reflecting positive free cash flow and a strong cash position.