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Chewy (CHWY)

Q1 2026 Earnings Summary

Reported on Jun 11, 2025 (Before Market Open)
Pre-Earnings Price$45.79Last close (Jun 10, 2025)
Post-Earnings Price$41.65Open (Jun 11, 2025)
Price Change
$-4.14(-9.04%)
MetricYoY ChangeReason

Total Revenue

8.3%

Total revenue increased by 8.3%, from $2,877.73 million in Q1 2025 to $3,116.0 million in Q1 2026, driven primarily by a robust performance in the Consumables segment—which contributed roughly 70% of the revenue—and continued customer demand that builds on previous period trends.

Operating Income

19% YoY improvement

Operating income improved by 19%, moving from $64,616 thousand in Q1 2025 to $76.9 thousand in Q1 2026, indicating that better cost control and margin expansion are furthering operational efficiency, a trend consistent with earlier period gains.

Net Income

–6.8% YoY

Net income declined by 6.8%, dropping from $66,897 thousand in Q1 2025 to $62.4 thousand in Q1 2026, suggesting that despite revenue and operating gains, rises in non-operating costs or unfavorable expense adjustments are offsetting these improvements compared to previous performance.

Gross Profit

8.2% YoY increase

Gross profit grew by 8.2%, from $853,992 thousand in Q1 2025 to $923.8 thousand in Q1 2026, echoing the overall revenue growth and continued improvements in product mix and operational efficiencies established in earlier periods.

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