Chewy Q2 Beats: Net Sales Up 7.3%, Raises Full-Year Outlook
CHWY sits 33% above its 52-week low of $17.4.
Summary
Chewy reported Q2 FY2026 results that beat expectations, with net sales up 7.3% to $3.33 billion and adjusted EBITDA up 23.7% to $226.7 million. The company raised its full-year revenue and profitability guidance.
Key Events · Earnings and Guidance · CHWY
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Q2 Net Sales Up 7.3%
Net sales reached $3.33 billion, up 7.3% year over year, at the high end of guidance. Excluding SmartPak and Modern Animal contributions, organic growth was 5.7%.
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Adjusted EBITDA Up 23.7%
Adjusted EBITDA rose to $226.7 million from $183.3 million a year ago, with adjusted EBITDA margin expanding 90 basis points to 6.8%.
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Full-Year Guidance Raised
Management raised its full-year revenue and profitability outlook, citing durable recurring revenue, customer growth, and disciplined execution.
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Autoship Recurring Revenue Grows
Autoship customer sales grew 9.3% to $2.82 billion, now representing 84.6% of net sales, up from 83.0% a year ago.
Analysis · CHWY · Trade & Services
A strong second quarter for Chewy saw net sales climb 7.3% year over year to $3.33 billion, while adjusted EBITDA jumped 23.7% to $226.7 million. Management lifted its full-year revenue and profitability outlook, pointing to durable recurring revenue and continued customer growth. Active customers increased 3.8% to 21.7 million, and autoship sales—the company's recurring revenue engine—rose 9.3% to $2.82 billion, now representing 84.6% of net sales. These results confirm the company's ability to grow profitably while integrating recent acquisitions (SmartPak and Modern Animal).
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In the 30 days to Sep 10, 2026, 30% of the 1973 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, CHWY was trading at $23.22 on NYSE in the Trade & Services sector, with a market capitalization of approximately $9.5B. The 52-week trading range was $17.40 to $43.50. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.