Financials Chewy, Inc.

Equities

CHWY

US16679L1098

Other Specialty Retailers

Real-time Estimate Cboe BZX Other stock markets 20:57:56 11/12/2025 GMT			5-day change	1st Jan Change
34.10 ^USD	-3.59%		+3.75%	+3.14%

05:13pm	Chewy Signals Solid 2026 Outlook on Customer Momentum, Margin Gains, RBC Says	MT
12:54pm	Wedbush Trims Price Target on Chewy to $42 From $45, Keeps Outperform Rating	MT

Projected Income Statement: Chewy, Inc.

Fiscal Period: February	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	7,146	8,891	10,099	11,150	11,861	12,680	13,585	14,659
Change	-	24.41%	13.59%	10.41%	6.38%	6.9%	7.14%	7.9%
EBITDA ¹	85.16	78.55	305.9	368.1	570.5	725.1	882.5	1,051
Change	-	-7.76%	289.47%	20.31%	55.01%	27.1%	21.7%	19.07%
EBIT ¹	-90.46	-72.18	55.75	-23.62	112.6	257	404	541.5
Change	-	20.21%	177.24%	-142.37%	576.56%	128.23%	57.23%	34.03%
Interest Paid ¹	-2.022	-1.639	9.291	58.5	-	-15	-21	-19
Earnings before Tax (EBT) ¹	-92.49	-73.82	51.88	48.23	151.7	275.3	420.5	561.1
Change	-	20.19%	170.28%	-7.03%	214.52%	81.46%	52.77%	33.43%
Net income ¹	-92.49	-73.82	49.23	39.58	392.7	223.4	330	434.8
Change	-	20.19%	166.69%	-19.61%	892.26%	-43.11%	47.68%	31.77%
Announcement Date	30/03/21	29/03/22	22/03/23	20/03/24	26/03/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: February	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	2,043	2,135	2,155	2,212	2,388	2,428	2,431	2,532	2,707	2,785	2,778	2,739	2,830	2,878	2,859	2,878	3,247	3,116	3,104	3,117	3,263	3,348	3,363	3,349	3,500
Change	-	4.51%	0.93%	2.65%	7.97%	1.67%	0.11%	4.16%	6.93%	2.85%	-0.25%	-1.41%	3.34%	1.69%	-0.66%	0.67%	12.85%	-4.05%	-0.38%	0.4%	4.69%	2.62%	0.44%	-0.42%	4.5%
EBITDA ¹	60.75	77.35	23.27	6.046	-28.12	60.52	83.06	70.4	91.97	110.2	86.87	82.13	86.47	162.9	144.8	138.2	124.5	192.7	183.3	180.9	161.8	229.4	225.3	216.7	204.7
Change	-	27.32%	-69.91%	-74.02%	-565.1%	315.21%	37.24%	-15.24%	30.64%	19.8%	-21.15%	-5.46%	5.29%	88.42%	-11.1%	-4.55%	-9.92%	54.74%	-4.88%	-1.31%	-10.54%	41.75%	-1.77%	-3.84%	-5.51%
EBIT ¹	21.6	39.12	-16.19	-31.93	-63.18	18.82	21.66	-0.434	15.72	24.06	-17.92	-10.16	-21.98	64.62	32.05	25.63	-9.712	76.9	69.7	65.2	42.88	109.8	105.4	102.8	85.97
Change	-	81.11%	-141.37%	-97.26%	-97.9%	129.78%	15.09%	-102%	3,721.2%	53.07%	-174.49%	43.32%	-116.41%	393.96%	-50.4%	-20.03%	-137.89%	891.8%	-9.36%	-6.46%	-34.24%	156.19%	-4.01%	-2.54%	-16.34%
Charge d'intérêts	-0.553	-0.402	-0.5	-0.313	-0.424	-0.344	0.69	2.745	6.2	8.016	8.928	10.17	31.38	14.52	12.92	3.901	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	21.05	38.72	-16.69	-32.24	-63.61	18.47	22.34	2.311	8.75	23.18	20.25	-34.11	36.52	78.38	46.51	29.5	-2.697	77.9	74	69.3	45.97	115.6	113.9	109.1	89.95
Change	-	83.96%	-143.1%	-93.22%	-97.29%	129.04%	20.97%	-89.66%	278.62%	164.96%	-12.66%	-268.42%	207.09%	114.59%	-40.66%	-36.58%	-109.14%	2,988.39%	-5.01%	-6.35%	-33.67%	151.41%	-1.42%	-4.2%	-17.59%
Net income ¹	21.05	38.72	-16.69	-32.24	-63.61	18.47	22.34	2.311	6.104	22.18	18.95	-35.81	31.89	66.9	299.1	3.932	22.79	62.4	62	59.2	36.2	91.47	88.54	84.62	71.48
Change	-	83.96%	-143.1%	-93.22%	-97.29%	129.04%	20.97%	-89.66%	164.13%	263.38%	-14.58%	-289.01%	189.04%	109.8%	347.13%	-98.69%	479.65%	173.78%	-0.64%	-4.52%	-38.85%	152.67%	-3.21%	-4.42%	-15.53%
Announcement Date	30/03/21	10/06/21	01/09/21	09/12/21	29/03/22	01/06/22	30/08/22	08/12/22	22/03/23	31/05/23	30/08/23	06/12/23	20/03/24	29/05/24	28/08/24	04/12/24	26/03/25	11/06/25	10/09/25	10/12/25	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Chewy, Inc.

Fiscal Period: February	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-563	-603	-677	-1,134	-597	-802	-1,496	-2,216
Change	-	-7.1%	-12.27%	-67.5%	47.35%	-34.41%	-86.53%	-48.13%
Announcement Date	30/03/21	29/03/22	22/03/23	20/03/24	26/03/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Chewy, Inc.

Fiscal Period: February	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	130.7	183.2	230.3	143.3	143.8	159.9	204	222.7
Change	-	40.11%	25.72%	-37.78%	0.38%	11.2%	27.51%	9.18%
Free Cash Flow (FCF) ¹	2.012	8.553	119.3	342.9	452.5	577	687.5	879.2
Change	-	325.1%	1,294.62%	187.49%	31.95%	27.52%	19.15%	27.88%
Announcement Date	30/03/21	29/03/22	22/03/23	20/03/24	26/03/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Chewy, Inc.

Fiscal Period: February	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	1.19%	0.88%	3.03%	3.3%	4.81%	5.72%	6.5%	7.17%
EBIT Margin (%)	-1.27%	-0.81%	0.55%	-0.21%	0.95%	2.03%	2.97%	3.69%
EBT Margin (%)	-1.29%	-0.83%	0.51%	0.43%	1.28%	2.17%	3.1%	3.83%
Net margin (%)	-1.29%	-0.83%	0.49%	0.35%	3.31%	1.76%	2.43%	2.97%
FCF margin (%)	0.03%	0.1%	1.18%	3.08%	3.81%	4.55%	5.06%	6%
FCF / Net Income (%)	-2.18%	-11.59%	242.29%	866.42%	115.22%	258.24%	208.35%	202.21%
Profitability
ROA	-6.92%	-3.86%	2.14%	10.39%	12.67%	13.04%	15.77%	16.82%
ROE	-	-1,159.55%	43.1%	10.93%	101.78%	137.44%	84.4%	56.16%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	1.83%	2.06%	2.28%	1.29%	1.21%	1.26%	1.5%	1.52%
CAPEX / EBITDA (%)	153.53%	233.2%	75.28%	38.93%	25.21%	22.06%	23.11%	21.19%
CAPEX / FCF (%)	6,498.16%	2,141.77%	193.07%	41.78%	31.79%	27.72%	29.67%	25.33%
Items per share
Cash flow per share ¹	0.326	0.4596	0.8172	1.125	1.384	1.716	1.911	2.15
Change	-	40.98%	77.81%	37.67%	22.99%	24.01%	11.35%	12.53%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-0.0048	0.0351	0.503	1.182	0.6322	1.263	2.632	4.288
Change	-	830.83%	1,333.87%	134.93%	-46.5%	99.73%	108.43%	62.94%
EPS ¹	-0.23	-0.18	0.12	0.09	0.91	0.5196	0.7837	1.044
Change	-	21.74%	166.67%	-25%	911.11%	-42.9%	50.81%	33.22%
Nbr of stocks (in thousands)	412,647	417,979	423,348	431,406	408,790	414,999	414,999	414,999
Announcement Date	30/03/21	29/03/22	22/03/23	20/03/24	26/03/25	-	-	-