Companies /Consumer Cyclical

Chewy Inc - Class A

NYSE: CHWY Internet Retail
$20.75
▼ $2.53 (−10.85%) today
Markets closed · 5:08pm ET

Q3 2026 Earnings

Reported Dec 10, 2025, 7:05am ET · SEC source
$0.32
Beat +5.40%
EPS · est. $0.30
$3.1B
Beat +0.66%
Revenue · est. $3.1B
−6.4%
Trailing market
CHWY vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
−8%−4%0+4%Dec 10Dec 11report 7:05am ETearnings+0.8%−2.7%
−8%−4%0+4%Dec 10Dec 11earnings+0.8%−2.7%
CHWY −2.7%S&P 500 +0.8%
−8%−4%0+4%Dec 10Dec 11report 7:05am ETearnings−0.0%−2.7%
−8%−4%0+4%Dec 10Dec 11earnings−0.0%−2.7%
CHWY −2.7%NASDAQ −0.0%
0+4%+8%+12%Dec 9Dec 18report 7:05am ETearnings−0.9%−0.5%
0+4%+8%+12%Dec 9Dec 18earnings−0.9%−0.5%
CHWY −0.5%S&P 500 −0.9%
0+5%+10%Dec 9Dec 18report 7:05am ETearnings−2.5%−0.5%
0+5%+10%Dec 9Dec 18earnings−2.5%−0.5%
CHWY −0.5%NASDAQ −2.5%
+1.52%
Day of report
−3.39%
Next session
−7.29%
One week
−5.51%
30 days

S&P 500 over the same 30 days: +0.90%.

Did CHWY Beat Earnings? Q3 2026 Results

Chewy posted a clean beat across both top and bottom lines in fiscal Q3 2026, reinforcing its case as one of the more disciplined growers in e-commerce. The online pet retailer reported adjusted diluted EPS of $0.32, ahead of the $0.30 consensus by 5.40%, while revenue of $3.12 billion edged past estimates by 0.66% and grew 8.3% year over year. The more compelling story, however, was margin expansion: adjusted EBITDA climbed 30.9% to $180.90 million, with profits clearly outrunning sales, a dynamic that has become something of a theme among consumer brands navigating a selective spending environment, <a href="https://247wallst.com/investing/2025/10/30/hershey-shares-slide-despite-strong-q3-earnings-and-revised-full-year-guidance/">not always rewarded by markets</a>. The gains were underpinned by Autoship, whose sales rose 13.6% to $2.61 billion and represented 83.9% of total net sales, up from 80.0% a year ago, signaling deepening customer loyalty. Active customers grew 4.9% to 21.16 million, with per-customer spending rising an equal 4.9% to $595, pointing to both breadth and depth of engagement.

Key Takeaways
  • Net sales grew 8.3% year over year to $3.12 billion, exceeding high end of guidance
  • Gross margin expanded 50 basis points to 29.8%
  • Adjusted EBITDA grew 30.9% year over year to $180.9 million
  • Autoship customer sales as a percentage of net sales increased to 83.9% from 80.0%
  • Active customers grew 4.9% to 21.155 million
  • Net sales per active customer increased 4.9% to $595
  • Profits grew faster than sales

“Chewy continues to outperform the pet category and expand market share, with profits once again growing faster than sales. Our Q3 results build on the momentum from the first half of fiscal 2025 and highlight both the structural resilience of our model and the execution quality of every team member at Chewy. We exceeded the high end of our net sales guidance, grew margins, and delivered strong free cash flow generation.”

Chewy CEO, on the earnings call

CHWY YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$900.0M$1.8B$2.7B$2.9B$3.1BRevenue$843.9M$928.2MGross Profit$25.6M$65.2MOperating Income$3.9M$59.2MNet Income
$0$900.0M$1.8B$2.7BRevenueGross ProfitOperating IncomeNet Income

CHWY Revenue by Segment

Autoship Customer Sales$2.6B+13.6%

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