Chewy, Inc. released its financial results for the fiscal fourth quarter and full year 2024, ended February 2, 2025, reporting Q4 net sales of $3.247 billion, a 14.9% increase year-over-year, including the impact of a 14th week. Full-year net sales reached $11.861 billion, up 6.4% from fiscal year 2023, including a 53rd week. The company reported Q4 net income of $22.8 million and full-year net income of $392.738 million.
A significant highlight was the return to active customer growth in Q4, marking the first such increase in eight quarters, alongside strong Autoship customer loyalty. Average revenue per customer (ARPC) increased 5% year-over-year to $578, indicating improved customer monetization. Free cash flow for fiscal year 2024 saw a substantial increase of 134% year-over-year, reaching $596.325 million.
For fiscal year 2025, Chewy provided a net sales outlook of $12.3 billion to $12.45 billion, representing 6% to 7% growth when adjusted for the extra week in fiscal year 2024. The adjusted EBITDA margin outlook for fiscal year 2025 was set at 5.4% to 5.7%, projecting an expansion of approximately 75 basis points year-over-year, reflecting confidence in continued profitability improvements.
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