How did Chewy's other expenses affect profitability last quarter?

Chewy's other expenses, such as share-based compensation and fulfillment costs, had a significant impact on profitability last quarter. These expenses rose to $2.6 billion, up from $2.4 billion in the previous year. This increase was driven by higher fulfillment costs and increased share-based compensation, which is a common practice for companies to grant equity-based compensation to employees as part of their overall compensation package. While these expenses are necessary for the company's growth and retention of talent, they can negatively affect short-term profitability. However, Chewy's ability to increase net sales and gross profit, despite these expenses, indicates a strong underlying business performance.