Companies /Consumer Cyclical

Chewy Inc - Class A

NYSE: CHWY Internet Retail
$20.75
▼ $2.53 (−10.85%) today
Markets closed · 4:39pm ET

Q2 2026 Earnings

Reported Sep 10, 2025, 7:03am ET · SEC source
$0.33
Miss −0.48%
EPS · est. $0.33
$3.1B
Beat +0.79%
Revenue · est. $3.1B
+11.0%
Beating market
CHWY vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
−8%0+8%Sep 10Sep 11report 7:03am ETearnings+0.7%−9.9%
−8%0+8%Sep 10Sep 11earnings+0.7%−9.9%
CHWY −9.9%S&P 500 +0.7%
−8%0+8%Sep 10Sep 11report 7:03am ETearnings+0.4%−9.9%
−8%0+8%Sep 10Sep 11earnings+0.4%−9.9%
CHWY −9.9%NASDAQ +0.4%
−8%0+8%Sep 9Sep 18report 7:03am ETearnings+1.5%−0.7%
−8%0+8%Sep 9Sep 18earnings+1.5%−0.7%
CHWY −0.7%S&P 500 +1.5%
−8%0+8%Sep 9Sep 18report 7:03am ETearnings+2.2%−0.7%
−8%0+8%Sep 9Sep 18earnings+2.2%−0.7%
CHWY −0.7%NASDAQ +2.2%
−16.60%
Day of report
+2.59%
Next session
+8.80%
One week
+11.16%
30 days

S&P 500 over the same 30 days: +0.12%.

Did CHWY Beat Earnings? Q2 2026 Results

Chewy posted a mixed but broadly encouraging fiscal Q2 2026 report, delivering a revenue beat while falling just short on earnings. Net sales reached $3.10 billion, up 8.6% year over year and ahead of the $3.08 billion consensus, yet adjusted diluted EPS of $0.33 came in fractionally below the $0.33 estimate, a 0.48% miss. The clearest engine behind the top-line strength was Autoship, with subscription-like customer sales climbing to $2.58 billion and representing 83.0% of total net sales, a meaningful step up from 78.4% a year ago. That recurring revenue base helped lift gross margin 90 basis points to 30.4% and pushed adjusted EBITDA 26.5% higher to $183.30 million. Active customers grew 4.5% to nearly 20.91 million, while net sales per active customer rose 4.6% to $591, signaling that Chewy is deepening wallet share alongside its expanding user base. CEO Sumit Singh noted that net sales exceeded guidance, reinforcing confidence in the company's sustained growth trajectory.

Key Takeaways
  • Autoship customer sales grew 14.9% YoY, representing 83.0% of total net sales
  • Active customers grew 4.5% YoY to 20.906 million
  • Net sales per active customer (NSPAC) grew 4.6% YoY to $591
  • Gross margin expanded 90 basis points to 30.4%
  • Adjusted EBITDA margin expanded 80 basis points to 5.9%
  • Net sales exceeded the high end of guidance range

“Q2 net sales exceeded the high end of our guidance range, growing nearly 9% year over year to $3.1 billion, with Autoship customer net sales increasing by 15% and representing 83% of total net sales for the quarter.”

Chewy CEO, on the earnings call

CHWY YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$900.0M$1.8B$2.7B$2.9B$3.1BRevenue$843.8M$942.2MGross Profit$32.1M$69.7MOperating Income$299.1M$62.0MNet Income
$0$900.0M$1.8B$2.7BRevenueGross ProfitOperating IncomeNet Income

CHWY Revenue by Segment

Autoship Customer Sales$2.6B+14.9%

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