NYSE$CHWY
Chewy · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
Chewy reported Q1 2026 net sales of $3.36 billion, up 7.7% year over year, with net income rising 51.9% to $94.8 million.
Chewy delivered net sales growth of 7.7% to $3.36 billion in Q1 2026 while expanding gross margin by 50 basis points to 30.1%. Profitability improved significantly with net income of $94.8 million and adjusted EBITDA of $253.1 million, supported by nearly 200,000 net customer additions and strong autoship sales growth of 10.5%. Free cash flow reached $70.8 million amid ongoing share repurchases and acquisition activity.
- Net sales grew 7.7% year over year to $3.36 billion with active customers increasing 3.6% to 21.5 million.
- Gross margin expanded 50 bps to 30.1% and adjusted EBITDA margin rose 130 bps to 7.5%.
- Net income increased 51.9% to $94.8 million and adjusted net income grew 20.8% to $179.9 million.
- Free cash flow rose 45.4% to $70.8 million while the company repurchased $200 million of common stock.
Headline financials
Revenue & EPS history
Chewy · Revenue · Quarterly
$3.36B
Forward guidance
Management expressed confidence in gaining market share and delivering profitable growth despite a dynamic consumer environment.
Tailwinds
- Resilient business model and strong execution
- Record profitability achieved in the quarter
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2026
-1.0%
Avg return
Earnings day
-0.9%
Avg return
5 days after
+2.2%
Avg return
30 days after
46%
13 / 28 earnings
Positive
+27.4%
Q1 2024
Best reaction
-16.6%
Q2 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.0% | -5.2% | — | |
| Q4 2025 | +1.0% | -1.5% | — | |
| Q3 2026 | +1.5% | -4.9% | -7.7% | |
| Q2 2026 | -16.6% | -12.2% | -7.3% | |
| Q1 2025 | +0.1% | +4.5% | -5.6% | |
| Q4 2024 | -1.1% | -3.3% | +9.5% | |
| Q3 2024 | -7.6% | -8.1% | +7.0% | |
| Q2 2024 | +11.0% | +10.4% | +15.9% | |
| Q1 2024 | +27.4% | +31.6% | +61.1% | |
| Q4 2023 | -4.6% | -7.6% | -3.2% | |
| Q3 2023 | +4.4% | +10.0% | +10.9% | |
| Q2 2023 | -12.1% | -9.6% | -33.1% | |
| Q1 2023 | +18.7% | +21.9% | +30.7% | |
| Q4 2022 | -12.4% | -13.8% | -17.6% | |
| Q3 2022 | +5.9% | +8.1% | -9.0% | |
| Q2 2022 | -9.7% | -13.8% | -18.2% | |
| Q1 2022 | +17.7% | +11.9% | +50.0% | |
| Q4 2021 | -12.3% | -16.1% | -33.9% | |
| Q3 2021 | -13.9% | -8.7% | -19.3% | |
| Q2 2021 | -10.0% | -12.9% | -23.5% | |
| Q1 2021 | -3.9% | -5.0% | +10.0% | |
| Q4 2020 | +7.4% | +4.9% | +3.3% | |
| Q3 2020 | +1.1% | +13.8% | +31.0% | |
| Q2 2020 | -12.5% | -12.0% | +0.1% | |
| Q1 2020 | +1.8% | -1.3% | +6.5% | |
| Q3 2019 | +2.2% | +13.3% | +14.7% | |
| Q2 2019 | -6.7% | -13.3% | -12.1% | |
| Q1 2019 | -3.1% | -6.5% | -2.3% | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — |
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