(Chewy.com) Net sales for pet company Chewy Inc. expanded by 31.7% year over year to reach $2.14 billion in Q1 2021.
Chewy’s gross margins expanded 420 basis points year over year to hit 27.6%.
The company’s net income was $38.7 million, and included a share-based compensation of $24.8 million.
Net margin grew by 480 basis points year over year to 1.8%.
Adjusted EBITDA was $77.4 million, representing a margin of 3.6%, up 340 basis points year over year.
CHWY: NYSE is down -1.58%.
