Companies /Consumer Cyclical

Chewy Inc - Class A

NYSE: CHWY Internet Retail
$20.75
▼ $2.53 (−10.85%) today
Markets closed · 5:58pm ET

Q1 2026 Earnings

Reported Jun 11, 2025, 7:03am ET · SEC source
$0.35
Beat +3.15%
EPS · est. $0.34
$3.1B
Beat +1.15%
Revenue · est. $3.1B
−9.5%
Trailing market
CHWY vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
−8%−4%0Jun 11Jun 12report 7:03am ETearnings+0.2%−5.7%
−8%−4%0Jun 11Jun 12earnings+0.2%−5.7%
CHWY −5.7%S&P 500 +0.2%
−8%−4%0Jun 11Jun 12report 7:03am ETearnings+0.1%−5.7%
−8%−4%0Jun 11Jun 12earnings+0.1%−5.7%
CHWY −5.7%NASDAQ +0.1%
−5%0+5%+10%Jun 10Jun 18report 7:03am ETearnings−0.8%−2.1%
−5%0+5%+10%Jun 10Jun 18earnings−0.8%−2.1%
CHWY −2.1%S&P 500 −0.8%
−5%0+5%+10%Jun 10Jun 18report 7:03am ETearnings−0.8%−2.1%
−5%0+5%+10%Jun 10Jun 18earnings−0.8%−2.1%
CHWY −2.1%NASDAQ −0.8%
−10.98%
Day of report
+1.10%
Next session
+1.94%
One week
−6.04%
30 days

S&P 500 over the same 30 days: +3.46%.

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 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

“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.”

Chewy CEO, on the earnings call

CHWY YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$900.0M$1.8B$2.7B$2.9B$3.1BRevenue$854.0M$923.8MGross Profit$64.6M$76.9MOperating Income$66.9M$62.4MNet Income
$0$900.0M$1.8B$2.7BRevenueGross ProfitOperating IncomeNet Income

CHWY Revenue by Segment

Autoship Customer Sales$2.6B+14.8%

Figures from SEC filings and company reports. Not investment advice.