- First-quarter net sales increased 7.7% year over year to $3.36 billion.
- Net income rose 52% to $94.8 million.
- Adjusted EBITDA reached a record $253.1 million, up 31.3% from the prior year.
- Active customers grew to 21.5 million, with nearly 200,000 net additions during the quarter.
- Autoship sales increased 10.5% and represented 84.4% of total revenue.
- Company leadership said Chewy continues to gain market share while expanding profitability.
Chewy reported strong first-quarter fiscal 2026 financial results, delivering revenue growth, expanding margins, and record profitability as demand for pet products, prescriptions, and recurring services remained resilient.
The online pet retailer reported net sales of $3.36 billion for the quarter ended May 3, 2026, an increase of 7.7% compared with the same period last year. Net income climbed to $94.8 million, up from $62.4 million a year earlier, while earnings per share increased to $0.23 from $0.15.
The company also reported record adjusted EBITDA of $253.1 million, a 31.3% increase year over year, with adjusted EBITDA margin improving to 7.5%.
“Chewy continues to outperform the pet category while expanding profitability and free cash flow,” said Sumit Singh, chief executive officer of Chewy. “Our first quarter results demonstrate the resilience of our business model and the strength of our execution.”
Signals for the Animal Health Industry
The results offer another indication that pet owners continue prioritizing spending on animal health and wellness products despite ongoing economic pressures. Chewy’s growth in active customers and recurring Autoship subscriptions suggests continued demand for preventive care products, prescription medications, therapeutic diets, and other health-related purchases.
Autoship revenue increased 10.5% year over year to $2.83 billion and accounted for 84.4% of total sales, reflecting the growing importance of subscription-based purchasing for pet healthcare products and medications.
The company ended the quarter with 21.5 million active customers, a 3.6% increase from the prior year.
For veterinary practices, manufacturers, and animal health suppliers, Chewy’s performance serves as a closely watched indicator of consumer spending trends across the pet care sector. Continued growth in recurring purchases may signal sustained demand for preventive care, chronic disease management products, and prescription fulfillment services.
Looking Ahead
Company leadership said it remains confident in its ability to gain market share and deliver profitable growth, citing continued customer acquisition, expanding margins, and strong cash flow generation as key drivers heading into the remainder of fiscal 2026.
Information sourced from Chewy’s first-quarter fiscal 2026 earnings release and investor materials. The company also provided forward-looking statements regarding future growth, profitability, market share gains, and business performance, which are subject to risks and uncertainties described in its SEC filings.
