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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.

    Research analysts covering Chewy.