Chewy, Inc. $(CHWY)$ has announced its financial results for the first quarter of fiscal year 2025, which ended on May 4, 2025. The company reported net sales of $3.12 billion, marking an 8.3% increase year over year. Chewy's net income for the quarter was $62.4 million, which includes share-based compensation expense and related taxes amounting to $78.0 million. The net margin decreased by 30 basis points year over year to 2.0%. The company reported a basic earnings per share $(EPS)$ of $0.15, consistent with the previous year, and a diluted EPS also remaining steady at $0.15. On a non-GAAP basis, adjusted net income was $148.9 million, reflecting an increase of $11.8 million compared to the same period last year. The adjusted basic EPS was $0.36, with an increase of $0.04 year over year, and the adjusted diluted EPS was $0.35, also showing a $0.04 increment compared to the previous year. Chewy's adjusted EBITDA stood at $192.7 million, representing a $29.8 million increase year over year, with an adjusted EBITDA margin of 6.2%, which improved by 50 basis points. The company highlighted its ability to deliver topline growth beyond its net sales guidance range and achieve notable profitability and free cash flow generation, underscoring the strength of its value proposition and market share growth.