Thank you for joining us on the call today to discuss our third quarter results for fiscal year 2025. Joining me today are Chewy's CEO Sumit Singh, Will Billings, our Chief Accounting Officer and Interim Principal Financial Officer, and Chris Depe, our Head of commercial finance and FP&A. Our earnings release, which was filed with the SEC earlier today, has been posted to the Investor Relations section of our website. In addition to the earnings release, a presentation summarizing our results is also available on our website@investor.chewy.com.
the significant increase in our investments in technical infrastructure will continue to put pressure on the P&L in the form of higher depreciation expenses and related data center operations costs such as energy.
Here's what the big box retailer reported for its Q3 2025: Net sales: $25.3 billion (down 1.4% from the same period in 2024) Adjusted earnings per share (EPS): $1.78 (down from $1.85 in the same period in 2024) Operating income: $948 million (down 18.9%) Net earnings: $689 million (down 19.3%) To put those first two all-important metrics into perspective, net sales came in below what analysts were expecting, but the company's adjusted earnings per share came in slightly above.
Our focus has been on building the foundation for sustainable long-term growth and positioning the company to capture opportunities as market conditions improve. We have taken decisive steps to sharpen our competitive edge, enhance our service offerings and expand our reach, Michael Liebowitz, Douglas Elliman's CEO and president, said during his firm's Q3 2025 earnings call with investors and analysts Tuesday morning.
This ascent has confounded most financial analysts and the chattering class, whose frames of reference did not quite anticipate a company of this size and scale growing at such a ferocious and unrelenting rate,
They were stunned at this year's meeting when Buffett announced that he would be stepping down as CEO of the investment giant at the end of the year. While he will remain board chair and continue to have a voice in the day-to-day operations, his pre-announced successor, Greg Abel, will assume the chief executive position at the end of the year.
United Airlines (Nasdaq:UAL) reports fiscal third-quarter 2025 results after the close today at 4 p.m. ET, marking one of the most closely watched earnings of the airline earnings season.The stock has rallied toward $100 in recent weeks amid optimism that corporate travel and domestic yields have turned a corner after a soft first half.United's Q2 call emphasized margin durability, supply-side discipline across the industry, and a visible inflection in demand.
