Full Breakdown
Chewy’s Fiscal 2026 Q2 Results Show Strong Revenue Growth and Raised 2027 Outlook
9/9/2026, 6:00:43 PM
Quarterly Performance Overview
Chewy, Inc. reported second-quarter fiscal 2026 net sales of $3.33 billion, a 7.3 % year-over-year increase (Chewy’s 10-Q filing). Net income rose to $80.5 million, and adjusted diluted earnings per share were $0.36 (Chewy’s 8-K filing). The company highlighted continued strength in its autoship subscription model, which accounted for roughly 84–85 % of net sales.
Revenue Drivers and Customer Metrics
Growth was driven by higher spend per active customer and an increase in the active-customer base to 21.7 million, up about 3.8 % (Chewy’s 10-Q filing). Consumables and pet-health categories posted the strongest gains, while hard-goods and other categories recorded double-digit growth. The recent SmartPak acquisition contributed modestly to customer growth, and the autoship program sustained recurring revenue and retention.
Financial Results and Profitability
Adjusted EBITDA for the quarter totaled $226.7 million, and operating cash generation was $245.9 million, supporting ongoing capital spending and share repurchases (Chevy’s 8-K filing). The company’s investment focus includes expanding fulfillment capacity, its pharmacy network, and veterinary clinics to meet rising demand.
Guidance and Market Reaction
Management raised its full-year 2027 revenue forecast to a range of $13.46 billion–$13.57 billion, above Wall Street’s midpoint estimate (Pluang analysis). Following the earnings release, Chewy’s shares climbed 1.9 % in pre-market trading, and the stock has risen 4.7 % over the past month, reflecting investor optimism about the upgraded outlook (Pluang; TradingView preview).
Conflicting Reports & Gaps
One pre-earnings preview reported Q2 revenue of $3.36 billion, a 7.7 % year-over-year increase, differing from the $3.33 billion figure disclosed in Chewy’s SEC filings (TradingView preview vs. Chewy’s 10-Q). No additional clarification was provided, leaving a minor discrepancy in reported revenue numbers.
