Chewy Inc

CHWY: XNYS (USA)

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Chewy Earnings: Strong Customer Acquisition and Retention Aids Sales Growth; Shares Fairly Valued

Jaime M Katz , Aidan Kernell

Dec 10, 2025

Chewy reported fiscal 2025 third-quarter sales of $3.12 billion (up 8.3%) and adjusted EBITDA margin expansion of 100 basis points, to 5.8%. Active customers grew 4.9% to 21.2 million customers as a result of initiatives focused on increasing acquisition and retention.

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Chewy Inc

Chewy Earnings: Strong Customer Acquisition and Retention Aids Sales Growth; Shares Fairly Valued

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