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Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzi...

CHWY

Chewy Announces First Quarter 2026 Financial Results

Chewy Q1 2026: 7.7% Sales Growth, Margin Expansion, 200k New Customers

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  <section data-block="information">
    <h3>Information</h3>
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Chewy, Inc. (NYSE:&lt;a class=&quot;ticker&quot; href=&quot;https://www.benzi...</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Chewy reported fiscal Q1 2026 results (ended May 3, 2026) with net sales of $3.36 billion, up 7.7% year over year, and gross margin of 30.1% (+50 basis points). Net income rose to $94.8 million, with adjusted EBITDA of $253.1 million and a 7.5% EBITDA margin. The company added roughly 200,000 net new customers, underscoring growing scale and profitability; management remains confident in market-share gains and profitable growth, supported by non-GAAP metrics and strong cash flow dynamics, with a conference call scheduled for June 10, 2026.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Chewy Q1 FY2026 net sales $3.36B, up 7.7% YoY; margins improve.</li><li>Gross margin 30.1% (+50bp); net margin 2.8% (+80bp); EPS $0.23.</li><li>Adjusted EBITDA $253.1M; margin 7.5% (up 130bp); adjusted EPS $0.43.</li><li>Net customer additions near 200k; management targets market-share gains and profitability.</li><li>Conference call set for 8:00 AM ET on June 10, 2026; non-GAAP measures disclosed.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Chewy, Inc. (CHWY)</strong>: Direct earnings release; margin expansion and customer growth may drive near-term equity upside.</li></ul>
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  <section data-block="category">
    <h3>Earnings</h3>
    <p>Category: Earnings. The release centers on Q1 2026 results, including GAAP and non-GAAP metrics, margin expansion, and cash-flow data, aligning with an Earnings category focus and signaling profitability trajectory within the consumer e-commerce pet space.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Net sales rose 7.7% to $3.36B, signaling resilient demand.</li><li>Gross margin rose to 30.1%, aiding profitability and cash flow.</li><li>Adjusted EBITDA margin at 7.5% improves profitability trajectory.</li><li>Approximately 200k net new customers support longer-term revenue growth.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>13 weeks ended May 3, 2026 for Chewy.</li><li>Net sales: $3.36 billion, up 7.7% YoY.</li><li>Gross margin: 30.1%, up 50 basis points YoY.</li><li>Net income: $94.8 million; net margin: 2.8% (+80bp).</li><li>Adjusted EBITDA: $253.1 million; EBITDA margin: 7.5% (+130bp).</li><li>Adjusted net income: $179.9 million; Adjusted EPS: $0.43.</li><li>Adjusted basic/diluted EPS: $0.43; basic EPS: $0.23; diluted EPS: $0.23.</li><li>Conference call: June 10, 2026 at 8:00 am ET.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term upside potential for CHWY on margin expansion and customer growth; monitor reaction during/after the June 10 call.</p>
  </section>
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<article>
  <header>
    <h1>Chewy Announces First Quarter 2026 Financial Results</h1>
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  <section>
    <p>Chewy, Inc. (NYSE: <strong>CHWY</strong>) (<em>Chewy</em>), a trusted destination for pet parents and partners everywhere, has released its financial results for the first quarter of fiscal year 2026 ended May 3, 2026. This report highlights solid topline growth, margin expansion, and strong profitability for the CHWY business.</p>
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  <section aria-label="Fiscal Q1 2026 Highlights">
    <h2>Fiscal Q1 2026 Highlights</h2>
    <ul>
      <li><strong>Net sales of $3.36 billion</strong> increased <strong>7.7 percent</strong> year over year</li>
      <li><strong>Gross margin of 30.1 percent</strong> increased <strong>50 basis points</strong> year over year</li>
      <li><strong>Net income of $94.8 million</strong>, including share-based compensation expense and related taxes of <strong>$73.4 million</strong></li>
      <li><strong>Net margin of 2.8 percent</strong> increased <strong>80 basis points</strong> year over year</li>
      <li><strong>Basic earnings per share</strong> of <strong>$0.23</strong>, an increase of <strong>$0.08</strong> year over year</li>
      <li><strong>Diluted earnings per share</strong> of <strong>$0.23</strong>, an increase of <strong>$0.08</strong> year over year</li>
      <li><strong>Adjusted EBITDA</strong><sup>1</sup> of <strong>$253.1 million</strong>, an increase of <strong>$60.4 million</strong> year over year</li>
      <li><strong>Adjusted EBITDA margin</strong><sup>1</sup> of <strong>7.5 percent</strong> increased <strong>130 basis points</strong> year over year</li>
      <li><strong>Adjusted net income</strong><sup>1</sup> of <strong>$179.9 million</strong>, an increase of <strong>$31.0 million</strong> year over year</li>
      <li><strong>Adjusted basic earnings per share</strong><sup>1</sup> of <strong>$0.43</strong>, an increase of <strong>$0.07</strong> year over year</li>
      <li><strong>Adjusted diluted earnings per share</strong><sup>1</sup> of <strong>$0.43</strong>, an increase of <strong>$0.08</strong> year over year</li>
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  <section>
    <p>"Chewy continues to outperform the pet category while expanding profitability and free cash flow," said Sumit Singh, Chief Executive Officer of Chewy. "Our first quarter results demonstrate the resilience of our business model and the strength of our execution, as we delivered 7.7% net sales growth, nearly 200,000 net customer additions, and record profitability in the quarter, despite a more dynamic consumer backdrop. We remain confident in our ability to gain market share, deliver profitable growth, and create long-term shareholder value."</p>
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  <section aria-label="Conference call details">
    <p>Management will host a conference call and webcast to discuss Chewy's financial results today at 8:00 am ET.</p>

    <h3>Chewy Fiscal First Quarter 2026 Financial Results Conference Call</h3>
    <p><strong>When:</strong> Wednesday, June 10, 2026</p>
    <p><strong>Time:</strong> 8:00 am ET</p>
    <p><strong>Live webcast and replay:</strong> <a href="https://investor.chewy.com" rel="nofollow">https://investor.chewy.com</a></p>
    <p><strong>Conference call registration:</strong> <a href="https://events.q4inc.com/analyst/246126146?pwd=e27jlVUT" rel="nofollow">https://events.q4inc.com/analyst/246126146?pwd=e27jlVUT</a></p>
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  <section aria-label="Non-GAAP measures and footnotes">
    <p><sup>1</sup>Adjusted EBITDA, adjusted EBITDA margin, adjusted net income, and adjusted basic and diluted earnings per share are non-GAAP financial measures. See "Non-GAAP Financial Measures" for additional information on non-GAAP financial measures and a reconciliation to the most comparable GAAP measures.</p>
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  <section aria-label="About Chewy">
    <h2>About Chewy</h2>
    <p>Our mission is to be the most trusted and convenient destination for pet parents and partners everywhere. We believe that we are the preeminent online source for pet products, supplies, and prescriptions as a result of our broad selection of high-quality products and services, which we offer at competitive prices and deliver with an exceptional level of care and a personal touch to build brand loyalty and drive repeat purchasing. We seek to continually develop innovative ways for our customers to engage with us, as our websites and mobile applications allow our pet parents to manage their pets' health, wellness, and merchandise needs, while enabling them to conveniently shop for our products. We partner with approximately 4,000 of the best and most trusted brands in the pet industry, and we create and offer our own private brands. Through our websites and mobile applications, we offer our customers approximately 190,000 products and services offerings, to bring what we believe is a high-bar, customer-centric experience to our customers.</p>
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  <section aria-label="Forward-Looking Statements">
    <h2>Forward-Looking Statements</h2>
    <p>This communication contains forward-looking statements about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this communication, including statements regarding our share repurchase program, our future results of operations or financial condition, business strategy and plans and objectives of management for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "plan," "potential," "predict," "project," "seek," "should," "target," "will" or "would" or the negative of these words or other similar terms or expressions, although not all forward-looking statements contain these identifying words.</p>
    <p>Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could cause actual results to differ materially from those in such forward-looking statements, including but not limited to, our ability to: sustain our recent growth rates and successfully manage challenges to our future growth, including introducing new prod...</p>
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    <p><em>Source: Business Wire</em></p>
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Chewy reported fiscal Q1 2026 results (ended May 3, 2026) with net sales of $3.36 billion, up 7.7% year over year, and gross margin of 30.1% (+50 basis points). Net income rose to $94.8 million, with adjusted EBITDA of $253.1 million and a 7.5% EBITDA margin. The company added roughly 200,000 net new customers, underscoring growing scale and profitability; management remains confident in market-share gains and profitable growth, supported by non-GAAP metrics and strong cash flow dynamics, with a conference call scheduled for June 10, 2026.

Chewy Announces First Quarter 2026 Financial Results

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Earnings

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