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chewy Chewy Announces Third Quarter 2021 Financial Results DANIA BEACH , Fla . , December 9 , 2021 ( BUSINESS WIRE ) Chewy , Inc. ( NYSE : CHWY ) ( “ Chewy ” ) , a trusted destination for pet parents and partners everywhere , has released its financial results for the third quarter of fiscal year 2021 ended October 31 , 2021 , and posted a letter to its shareholders on its investor relations website at https://investor.chewy.com . Fiscal Q3 2021 Highlights : • • Net sales of $ 2.21 billion grew 24.1 percent year over year Gross margin of 26.4 percent expanded 90 basis points year over year Net loss of $ 32.2 million , including share - based compensation expense of $ 19.1 million Net margin of ( 1.5 ) percent improved 30 basis points year over year Adjusted EBITDA ( ¹ ) of $ 6.0 million , an increase of 9.9 percent year over year Adjusted EBITDA margin ( ¹ ) of 0.3 percent was flat year over year " Demand and consumer engagement remained strong through the third quarter , with net sales up 24 percent year over year , or 86 percent on a two - year stack basis , ” said Sumit Singh , Chief Executive Officer of Chewy . “ Our sustained growth this year shows the soundness of our growth strategy , the uniqueness of Chewy's value proposition , and the durability of the pet category . At the same time , our third - quarter profitability reflects the impact of ongoing supply chain disruptions , labor shortages , and higher inflation . As we work through these macro uncertainties , we remain squarely focused on the long term and on building an enduring franchise to serve millions of loyal pets , pet parents , and partners . " Management will host a conference call and webcast to discuss Chewy's financial results today at 5:00 pm ET . Chewy Fiscal Third Quarter 2021 Financial Results Conference Call When : Thursday , December 9 , 2021 Time : 5:00 pm ET Conference ID : 10162016 Live Call : 1-844-378-6481 ( US / Canada Toll - Free ) or 1-412-317-5159 ( International ) Replay : 1-877-344-7529 ( US Toll - Free ) , 855-669-9658 ( Canada Toll - Free ) , or 1-412-317-0088 ( International ) ( The replay will be available approximately two hours after the completion of the live call until 11:59 pm ET on December 16 , 2021 ) Webcast : https://investor.chewy.com ( 1 ) Adjusted EBITDA and adjusted EBITDA margin are non - GAAP financial measures . See “ Non - GAAP Financial Measures " for additional information on non - GAAP financial measures and a reconciliation to the most comparable GAAP measures . About Chewy Our mission is to be the most trusted and convenient destination for pet parents ( and partners ) everywhere . We believe that we are the preeminent source for pet products , supplies and prescriptions as a result of our broad selection of high - quality products , which we offer at competitive prices and deliver with an exceptional level of care and a personal touch . We continually develop innovative ways for our customers to engage with us , and partner with more than 2,500 of the best and most trusted brands in the pet industry , to bring a high - bar , customer - centric experience to our customers . Forward - Looking Statements This communication contains forward - looking statements about us and our industry that involve substantial risks and uncertainties . All statements other than statements of historical facts contained in this communication , including statements regarding our future results of operations or financial condition , business strategy and plans and objectives of management for future operations , are forward - looking statements . In some cases , you can identify forward - looking statements because they contain words such as " anticipate , ” “ believe , ” “ contemplate , ” “ continue , ” “ could , ”