Q1 26 EPS
$0.35
BEAT +3.15%
Est. $0.34
Q1 26 Revenue
$3.12B
BEAT +1.15%
Est. $3.08B
vs S&P Since Q1 26
-75.8%
TRAILING MARKET
CHWY -51.7% vs S&P +24.2%
Market Reaction
Did CHWY Beat Earnings? Q1 2026 Results
Chewy kicked off fiscal 2026 with a clean beat on both the top and bottom lines, reinforcing the narrative that pet-category spending remains resilient even as broader consumer budgets tighten. The online pet retailer posted Q1 revenue of $3.12 billi… Read more Chewy kicked off fiscal 2026 with a clean beat on both the top and bottom lines, reinforcing the narrative that pet-category spending remains resilient even as broader consumer budgets tighten. The online pet retailer posted Q1 revenue of $3.12 billion, up 8.3% year over year and ahead of the $3.08 billion consensus estimate by 1.15%, while adjusted diluted EPS of $0.35 topped the $0.34 consensus by 3.15%. The clearest driver behind the revenue outperformance was the continued momentum in Autoship, Chewy's subscription-like recurring order program, which surged 14.8% to $2.56 billion and represented 82.2% of total net sales, up from 77.6% a year ago, a signal of deepening customer loyalty and more predictable revenue. Active customers grew 3.8% to 20.76 million, while net sales per active customer climbed 3.7% to $583. On the profitability side, adjusted EBITDA rose 18.3% to $192.70 million, with margin expanding 50 basis points to 6.2%, underscoring that Chewy is converting its top-line scale into meaningful earnings power.
Key Takeaways
- • Net sales grew 8.3% year over year to $3.12 billion, exceeding the high end of net sales guidance
- • Active customers grew 3.8% year over year to 20.756 million
- • Net sales per active customer increased 3.7% to $583
- • Autoship customer sales as a percentage of net sales expanded to 82.2% from 77.6%
- • Adjusted EBITDA margin expanded 50 basis points to 6.2%
- • Resilience of the pet category and Chewy's value proposition driving market share gains
CHWY YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
CHWY Revenue by Segment
With YoY comparisons, source: SEC Filings
“Fiscal year 2025 is off to a strong start as the momentum at Chewy continues. We delivered topline growth exceeding the high-end of our net sales guidance range, year-over-year growth in active customers, and compelling profitability and free cash flow generation. These results are a testament to the resiliency of the pet category and underscore the strength of Chewy's value proposition and our ability to continue to gain market share.”
— Sumit Singh, Q1 2026 Earnings Press Release
CHWY Earnings Trends
CHWY vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CHWY EPS Trend
Earnings per share: estimate vs actual
CHWY Revenue Trend
Quarterly revenue: estimate vs actual
CHWY Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $0.43 | $0.43 | +0.89% | $3.36B | +0.21% |
| Q4 26 MISS FY | $0.28 | $0.27 | -3.09% | $3.26B | +0.01% |
| FY Full Year | $1.28 | $1.27 | -0.61% | $12.60B | -0.01% |
| Q3 26 BEAT | $0.30 | $0.32 | +5.40% | $3.12B | +0.66% |
| Q2 26 MISS | $0.33 | $0.33 | -0.48% | $3.10B | +0.79% |
| Q1 26 BEAT | $0.34 | $0.35 | +3.15% | $3.12B | +1.15% |
| Q4 25 BEAT FY | $0.20 | $0.28 | +36.65% | $3.25B | +1.59% |
| FY Full Year | $1.19 | $1.04 | -12.60% | $11.86B | +0.42% |