By Denny Jacob

Chewy's latest results showed its customers continued to spend on products and offerings needed for their pets despite an uncertain economic climate as key metrics rose from the prior year and beat Wall Street's estimates.

The online pet retailer logged net income of $62.4 million, or 15 cents a share, for the first quarter ended May 4, down from $66.9 million, or 15 cents a share, in the prior-year period.

Stripping out one-time items, earnings came in at 35 cents a share. Analysts polled by FactSet had expected 33 cents a share.

Sales increased to $3.12 billion from $2.88 billion. Analysts polled by FactSet had expected $3.08 billion.

The Plantation, Fla., company forecasts sales between $3.06 billion and $3.09 billion in the second quarter. Analysts polled by FactSet expect $3.04 billion.

For fiscal 2025, Chewy guides for sales between $12.30 billion and $12.45 billion. Analysts polled by FactSet expect $12.42 billion.

Chewy added 240,000 net active customers on a sequential basis. Other metrics that offer a gauge of the health of the business also improved further.

Chewy logged net sales per active customer at $583 in the quarter, up from $562 a year earlier. Autoship customer sales, or customers who place orders through its automatic subscription program, rose to $2.56 billion in the quarter from $2.23 billion in the prior-year period.

"These results are a testament to the resiliency of the pet category," said Chief Executive Sumit Singh.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

June 11, 2025 07:29 ET (11:29 GMT)

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