Chewy shares have dropped about 10.3% in the month since its last earnings report, underperforming the S&P 500. The company reported second-quarter fiscal 2026 adjusted earnings of 36 cents a share, up 9.1% year over year and in line with the Zacks Consensus Estimate, while net sales rose 7.3% to $3,330.2 million, topping the consensus mark of $3,322 million. Chewy added 208,000 net active customers sequentially, excluding additions related to Modern Animal, and active customers increased 3.8% to 21.705 million. Autoship customer sales climbed 9.3% to $2,817.2 million, representing 84.6% of total net sales, and adjusted EBITDA rose 23.7% to $226.7 million. The company raised its fiscal 2026 net sales outlook to between $13.46 billion and $13.57 billion, implying reported growth of 6.8% to 7.7%, and guided third-quarter net sales of $3.323 billion to $3.358 billion with adjusted earnings of around 39 cents a share.
Chewy IncChewy beat on Q2 earnings and raised its fiscal 2026 net sales guidance, though shares fell 10.3% since the report.
