Chewy Inc (CHWY)
Pretax margin
| Jan 31, 2025 | Oct 31, 2024 | Oct 27, 2024 | Jul 31, 2024 | Jul 28, 2024 | Apr 30, 2024 | Apr 28, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 102,810 | 152,020 | 200,903 | 249,786 | 242,175 | 234,564 | 122,078 | 9,592 | -9,060 | -27,712 | 29,578 | 72,434 | 60,934 | 42,995 | 22,122 | 35,717 | 45,439 | 61,600 | -4,320 | -90,274 |
| Revenue (ttm) | US$ in thousands | 11,861,270 | 11,470,870 | 11,470,950 | 11,469,120 | 11,457,190 | 11,446,430 | 11,307,320 | 11,168,910 | 11,100,020 | 11,030,710 | 11,076,780 | 11,046,850 | 10,974,160 | 10,729,360 | 10,476,800 | 10,200,330 | 9,922,980 | 9,819,190 | 9,675,470 | 9,632,860 |
| Pretax margin | 0.87% | 1.33% | 1.75% | 2.18% | 2.11% | 2.05% | 1.08% | 0.09% | -0.08% | -0.25% | 0.27% | 0.66% | 0.56% | 0.40% | 0.21% | 0.35% | 0.46% | 0.63% | -0.04% | -0.94% |
January 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $102,810K ÷ $11,861,270K
= 0.87%
Chewy Inc's pretax margin has shown variability over the given period. The pretax margin started in negative territory in May 2022 at -0.94%, improved slightly in the following quarter to -0.04% by July 2022. Subsequently, there was a more significant positive shift with pretax margins reaching 0.63% in October 2022 and 0.46% by the end of that same month.
The trend continued positively into the following year with pretax margins fluctuating between 0.35% and 0.21% in January 2023, showing a slight dip. The pretax margin then improved to 0.40% in April 2023 and continued to rise to 0.66% by July 2023. However, in October 2023, there was a decline to 0.27% followed by a more significant drop to -0.25% by the end of that month.
Moving into 2024, the pretax margin continued on a turbulent path with -0.08% in January, a slight recovery to 0.09% by the end of the month, and a significant leap to 1.08% in April 2024. The positive trend continued with a considerable increase to 2.05% by the end of April 2024. The pretax margin continued to rise steadily, reaching 2.18% by July 2024.
However, there was a slight decline to 1.75% by October 2024 and a further reduction to 1.33% by the end of that month. The pretax margin then decreased to 0.87% in January 2025. Overall, the pretax margin for Chewy Inc has shown fluctuations, with periods of growth interspersed with declines, indicating a mix of profitability challenges and improvements over the analyzed timeframe.
Peer comparison
Jan 31, 2025