Shares of Chewy, Inc. (CHWY) soared 5.92% in pre-market trading on Wednesday following the release of its impressive fourth-quarter and full-year 2024 financial results. The online pet products retailer demonstrated robust performance across key metrics, signaling continued growth and improved profitability.

Chewy reported Q4 revenue of $3.25 billion, showcasing the company's ability to capture a significant share of the expanding pet care market. The gross margin for the quarter stood at a healthy 28.5%, indicating efficient cost management and pricing strategies. Net income reached $22.8 million, translating to a basic earnings per share (EPS) of $0.06, which likely exceeded many analysts' expectations.

Notably, Chewy's adjusted EBITDA for Q4 was $124.5 million, with an adjusted EBITDA margin of 3.8%. These figures suggest that the company is successfully balancing growth with profitability, a key concern for investors in the e-commerce sector. The positive results appear to have boosted investor confidence, driving the stock's pre-market rally.

As the pet industry continues to grow, Chewy's strong performance indicates its resilience and ability to capitalize on shifting consumer preferences towards online shopping for pet supplies. Investors will likely be watching closely to see if this momentum can be sustained in the coming quarters, especially given the competitive nature of the e-commerce landscape.