(Chewy) Chewy Inc. posted net sales of $2.16 billion in the second quarter of 2021, up 26.8% year over year.
Half-year net sales were $4.29 billion, up from $2.32 billion in the comparable period of 2020.
Chewy’s net sales were buoyed by a 21% growth in active customers and a 13% increase in net sales per active customer.
The gross margin reached 27.5%, a gain of 200 basis points year over year.
Net losses narrowed to $16.7 million, down from $32.82 million in the comparable quarter of 2020. The company posted a net income of $22.03 million in the first six months, up from a loss of $80.7 million in the comparable period of 2020.
CHWY: NYSE is down -9.54% on premarket.
