Chewy is a direct-to-consumer e-commerce company that sells pet products, including dog food, cat food, and pet toys. In fiscal year 2018, Chewy lost $16.5 million. In fiscal year 2017, it lost $8.
4 million. In fiscal year 2016, it lost $10.1 million.
The company has not been profitable since fiscal year 2015. It has been losing money every year since then.
In 2018, Chewy had a net loss of $16.5 million, and it expects to have a net loss of $23 million this year.
According to the company’s most recent Form 10-K, its main sources of revenue are advertising and subscription services. The company has been trying to diversify its revenue sources, but it has not been successful.
The company has been making strategic investments in new technologies, but they have not been successful. For example, the company invested in an app that let people order their pet food from their phones.
The app was unsuccessful, and the company discontinued it.
The company’s strategy is to continue to lose money for the foreseeable future. In its most recent 10-Q filing, the company said that it has “no reasonable prospects of achieving profitability in the near future.”
It is difficult to determine whether or not Chewy is losing money because the company does not release detailed financial information. However, based on its past performance and its statements in its 10-K and 10-Q filings, it is clear that the company is not profitable and is likely to continue to lose money in the foreseeable future.
