Chewy has released its financial results for the third quarter of fiscal year 2021, which ended on 31 October. The net sales of 2.21 bn dollars have grown by 24.1 per cent year over year. The gross margin of 26.4 per cent has expanded by 90 basis points year over year. The net loss was 32.2 mio dollars, including share-based compensation expense of 19.1 mio dollars.
"Demand and consumer engagement remained strong through the third quarter, with net sales up 24 percent year over year, or 86 percent on a two-year stack basis," said Sumit Singh, CEO of Chewy.
