Dive Brief:
Online pet specialist Chewy’s second-quarter sales rose 26.8% year over year to nearly $2.2 billion.
Driving that expansion was a 21% increase in active customers and a 13% rise in net sales per customer, CEO Sumit Singh said in a press release.
Gross margins expanded by 200 basis points to 27.5%. With net loss of $16.7 million, profits remained negative but narrowed by roughly half from the same period last year.
Source: Retail Dive
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