Chewy (NYSE: CHWY) Reports Strong Q1 Earnings Amidst Cautious Outlook

Font: Financial Modeling Prep  • Jun 10, 2026

• Strong Q1 Financial Performance: Chewy reported revenue of $3.36 billion, a 7.7% increase year-over-year, surpassing analyst estimates, with earnings per share (EPS) rising to $0.43.
• Robust Customer Growth and Loyalty: The online pet retailer added nearly 200,000 net new customers, reaching 21.5 million active users, and saw its Autoship program sales grow by over 10%.
• Cautious Future Outlook: Despite solid quarterly results, management lowered its full-year sales forecast, citing a "softer consumer environment" in the broader pet category.

Chewy (NYSE: CHWY) is an online retailer focused on pet food and other pet-related products. The company operates primarily through its website and mobile apps, delivering items directly to customers' homes. It competes in the broad pet care industry against both online and physical stores.

On June 10, 2026, Chewy reported its first-quarter earnings. The company announced revenue of $3.36 billion, a 7.7% increase from last year. As highlighted by Zacks Investment Research, this figure surpassed the consensus estimate of $3.35 billion. Its earnings per share (EPS) was $0.43, improving from $0.35 last year.

The results show continued customer growth. Chewy added nearly 200,000 net new customers, reaching a total of 21.5 million active users. Sales from its Autoship program, a key source of recurring revenue for the company, increased by more than 10% year-over-year, showing strong customer loyalty.

Despite the solid quarter, management has a cautious outlook. The company lowered its full-year sales forecast. This adjustment reflects what it calls a "softer consumer environment" in the overall pet category, suggesting that customers may be spending less on their pets in the near future.

A look at Chewy's financial health shows a price-to-sales (P/S) ratio of 0.86. This ratio compares the company's stock price to its revenues. The company also has a debt-to-equity ratio of 1.14, which measures its financial leverage by comparing total debt to shareholder equity.