Chewy Q1: Customer Count and Spend Rise
Here's our initial take on 's (NYSE: CHWY) fiscal 2025 first-quarter results.
Chewy's first quarter of fiscal 2025 (ended May 4, 2025) started off relatively well. While it may look like a big slowdown in sales growth from the fourth quarter, when revenue was up 15%, that was due to Q4 having an extra week of sales versus the prior year's quarter. Within that context, Chewy's Q1 revenue growth of 8.3% is pretty solid, and represents a nice acceleration from last year's 6.4% full-year revenue growth, which included that extra week.
Where we can really see Chewy's solid execution is in the active customer data. Active customers increased 3.8% from last year, with strong continued new customer acquisition during the quarter, and net sales per active customer of $583, up 3.7% from last year and about 1% higher than the prior quarter.
Source Fool.com
Chewy Inc Stock
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