Chewy Reports Q2 2026 Earnings with Revenue Growth and Margin Expansion
Chewy (CHWY) reported second-quarter earnings for fiscal year 2026, showing net sales of $3.33 billion—a 7.3% increase driven by active customer growth and higher retention rates. Organic sales grew at a slower but still positive rate of 5.7%, excluding the impact from recent acquisitions like SmartPak and Modern Animal. The company added 43,000 new customers in Q2 to reach 21.7 million total active users. Chewy's Autoship service continued to be a strong revenue driver with $2.8 billion in sales—accounting for 84.6% of the total—and growing at 9.3%. Adjusted EBITDA margin expanded by 90 basis points to 6.8%, supported by sponsored ads and tariff refunds, while GAAP net income reached $80.5 million with a 2.4% net margin. The company raised its full-year revenue guidance to between $13.46 billion and $13.57 billion—growth of 6.8–7.7%. It also expects adjusted EBITDA margins in the range of 6.7–6.8%, with further expansion expected at the midpoint.
Tickers: $CHWY
Topics: active_customers adjusted_ebitda_margin guidance net_sales revenue_growth