Quarterly ResultJun 10, 2026, 07:11 AM
Chewy Q1 FY2026 Net Sales $3.36B, Up 7.7%; Net Income $94.8M
AI Summary
Chewy, Inc. announced its first quarter fiscal year 2026 financial results, reporting a 7.7% increase in net sales to $3.36 billion and a significant rise in net income to $94.8 million ($0.23 per diluted share) from $62.4 million ($0.15 per diluted share) in the prior year. The company also highlighted strong growth in profitability metrics, with Adjusted EBITDA up 31.3% to $253.1 million and Adjusted EBITDA margin improving to 7.5%. Free cash flow saw a substantial increase of 45.4% to $70.8 million, driven by operational improvements and customer growth.
Key Highlights
- Chewy reported Q1 FY2026 net sales of $3.36 billion, a 7.7% increase year over year.
- Net income for Q1 FY2026 was $94.8 million, or $0.23 per diluted share, up from $62.4 million, or $0.15 per diluted share, in Q1 FY2025.
- Adjusted EBITDA increased by 31.3% year over year to $253.1 million.
- Adjusted EBITDA margin improved to 7.5% from 6.2% in the prior year period.
- Free cash flow for the quarter was $70.8 million, a 45.4% increase year over year.
- Active customers grew 3.6% year over year to 21.5 million.
- Net sales per active customer increased 2.4% to $597.
Price Impact
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