Pet products retailer Chewy slightly beats Q1 revenue estimates

Chewy

10/06/2026 12:15

Overview
U.S. pet products and services retailer's Q1 revenue rose 7.7%, slightly beating analyst expectations
Adjusted EPS beat consensus
Company added nearly 200,000 net customers and posted record profitability

Outlook
Chewy did not provide specific guidance for the current quarter or full year

Result Drivers
NET SALES GROWTH - Q1 net sales rose 7.7% year over year, with management citing strong execution and business model resilience
ACTIVE CUSTOMER INCREASE - Company added nearly 200,000 net customers in Q1, contributing to higher sales
AUTOSHIP SALES - Autoship customer sales grew 10.5% year over year and made up 84.4% of net sales

Company press release: ID:nBwbjYf41a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$3.36 bln
$3.35 bln (22 Analysts)
Q1 Adjusted EPS
Beat
$0.43
$0.26 (15 Analysts)
Q1 Net Income
 
$94.80 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"
Wall Street's median 12-month price target for Chewy Inc is $40.00, about 96.1% above its June 9 closing price of $20.40
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 32 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)