Chewy Inc (CHWY)
Operating profit margin
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -23,625 | 55,753 | -72,178 | -90,464 | -252,726 |
| Revenue | US$ in thousands | 11,144,400 | 10,096,500 | 8,890,770 | 7,146,260 | 4,846,740 |
| Operating profit margin | -0.21% | 0.55% | -0.81% | -1.27% | -5.21% |
January 28, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $-23,625K ÷ $11,144,400K
= -0.21%
The operating profit margin of Chewy Inc has varied over the last five years, with fluctuating values indicating the company's ability to generate profits from its core operations. In the most recent fiscal year (as of January 28, 2024), the company reported a negative operating profit margin of -0.21%, which was an improvement compared to the prior year's figure of 0.55%. The negative margin suggests that Chewy's operating expenses exceeded its gross profit, resulting in a loss from its primary business activities.
Looking back further, the operating profit margin was also negative in the fiscal years ending January 30, 2022 (-0.81%) and January 31, 2021 (-1.27%), indicating ongoing challenges in effectively managing costs and optimizing operational efficiency. The most significant decline in the operating profit margin was observed in the fiscal year ending February 2, 2020, where it stood at -5.21%.
Overall, Chewy Inc's operating profit margin has shown mixed performance over the analyzed period, with recent improvements suggesting potential efforts to enhance profitability. However, sustained negative margins in previous years highlight the importance of closely monitoring cost controls and revenue generation strategies to achieve a sustainable profitability level in the long run.
Peer comparison
Jan 28, 2024