Chewy Inc (CHWY)
Pretax margin
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 48,230 | 51,878 | -73,817 | -92,486 | -252,370 |
| Revenue | US$ in thousands | 11,144,400 | 10,096,500 | 8,890,770 | 7,146,260 | 4,846,740 |
| Pretax margin | 0.43% | 0.51% | -0.83% | -1.29% | -5.21% |
January 28, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $48,230K ÷ $11,144,400K
= 0.43%
The pretax margin for Chewy Inc has fluctuated over the past five years, ranging from -5.21% in February 2020 to 0.43% in January 2024. The company's pretax margin indicates the percentage of each dollar of revenue that is left after accounting for all expenses except for taxes.
It is noteworthy that the pretax margin improved from negative values in 2021 and 2022 to positive values in 2023 and 2024. This indicates that Chewy Inc has been able to better manage its expenses relative to its revenue in recent years. However, the pretax margin remains relatively low, suggesting that the company still faces challenges in achieving a higher level of profitability before taxes.
Overall, Chewy Inc's pretax margin trend reflects varying levels of operational efficiency and profitability over the years, and it is important for the company to continue monitoring and improving this metric to enhance its financial performance.
Peer comparison
Jan 28, 2024