11:06 AM EDT, 03/26/2025 (MT Newswires) -- Chewy (CHWY) on Wednesday issued a fiscal first-quarter revenue outlook above Wall Street's estimates as the online pet store company reported stronger-than-expected results for the previous three-month period.

The company anticipates net sales in the range of $3.06 billion to $3.09 billion for the ongoing quarter, representing annual growth of 6% to 7%, according to an earnings presentation. Analysts polled by FactSet are looking for $3.04 billion. Chewy projects adjusted earnings per share of $0.30 to $0.35, while the Street is modeling for $0.33.

Full-year net sales are projected to be between $12.3 billion and $12.45 billion, up 6% to 7% year over year. The consensus is for $12.38 billion. Net sales in fiscal 2024 rose 6.4% to $11.86 billion.

"We expect our net sales growth to be driven by a combination of active customer growth, (net sales per active customer) growth and minimal price inflation," Chief Financial Officer David Reeder said during an earnings call, according to a FactSet transcript. "Based on the current environment we see today, we remain confident in our ability to deliver year over year active customer growth in a low-single-digit range with the level of net additions broadly consistent throughout the course of the year."

Adjusted EPS for the quarter ended Feb. 2 rose to $0.28 from $0.18 a year earlier and beat the FactSet-polled consensus for $0.21. Net sales advanced 15% to $3.25 billion, topping the Street's $3.2 billion view.

"We ended the year on a high note," Chief Executive Sumit Singh said on the call. "Fourth quarter net sales performance was underpinned by a strong active customer growth, a modest return to growth for our hard goods merchandise and compelling Autoship customer loyalty across consumables and health and wellness categories."

Net sales per active customer reached $578 during the quarter, compared to $555 last year. Sales from the company's Autoship program grew 21% to $2.62 billion.

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