Chewy reported fiscal second-quarter net sales of $3.33 billion, up 7.3% year over year, and adjusted earnings per share of $0.36, nearly double the roughly $0.18 analysts had expected, prompting the company to raise its full-year revenue and profitability outlook. Autoship sales jumped 9.3% year over year to $2.82 billion and represented 84.6% of total net sales, while Chewy Health delivered triple-digit revenue growth and specialty categories such as equine and exotics recorded a seventh consecutive quarter of mid-double-digit growth. The company added 208,000 net active customers to reach 21.7 million and returned $200 million to shareholders through share repurchases. CFO Chris Deppe said the quarter's profitability upside included about $10 million from timing benefits and more than $5 million from discrete benefits, while revenue excluding recent acquisitions rose 5.7%, down from 7.7% organic growth in the first quarter. CEO Sumit Singh said the broader pet market did not meaningfully recover during the quarter but also did not deteriorate further, and management said pricing will provide no net benefit in fiscal 2026.
Chewy IncChewy beat EPS estimates (~$0.36 vs ~$0.18) and raised its full-year revenue and profitability outlook
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