Chewy Q2 2026 beats; raises full-year outlook on recurring revenue
Sep 9, 2026, 7:15 AM EDT2 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Strong Q2 metrics, margin expansion, and higher guidance typically drive short-term upside as investors reprice growth potential and cash generation; risk includes macro headwinds and competition diluting momentum.
AI summary
What happened, with direct paths to the underlying reporting
Chewy posted Q2 2026 results with net sales of $3.33B, up 7.3% year over year, aided by SmartPak and Modern Animal. Gross margin held at 30.4% and adjusted EBITDA margin rose to 6.8%. Management raised the full-year revenue and profitability outlook, signaling confidence in durable recurring revenue growth.
Net sales $3.33B, up 7.3% YoY. Growth 5.7% ex SmartPak/Modern Animal.
Gross margin 30.4%, flat YoY. Reflects mix and scale efficiency.
Net income $80.5M; diluted EPS $0.20.
Adjusted EBITDA $226.7M; adjusted margin 6.8%.
Raised full-year revenue and profitability outlook on durable recurring revenue.
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