Home / Business and Economy / Chewy Beats Expectations: Q2 Earnings & Revenue Surge
Chewy Beats Expectations: Q2 Earnings & Revenue Surge
9 Sep
Summary
- Chewy reported Q2 adjusted EPS of $0.36, matching expectations.
- Net sales grew 7.3% year-over-year to $3.33 billion.
- The company raised its full-year revenue and profitability outlook.
Chewy Inc. announced robust second-quarter financial results, meeting analyst expectations with an adjusted earnings per share of $0.36. The company achieved net sales of $3.33 billion, marking a 7.3% increase compared to the previous year. This growth was primarily driven by a strong recurring revenue base and continued customer acquisition.
The pet products retailer also reported an adjusted EBITDA of $226.7 million, with its adjusted EBITDA margin expanding by 90 basis points to 6.8%. Reflecting confidence in its performance, Chewy has raised its full-year revenue and profitability outlook. The company anticipates fiscal year 2027 revenue between $13.46 billion and $13.57 billion.
Further details from the quarter include a net income of $80.5 million, or $0.20 per diluted share, and consistent gross margins at 30.4%. Active customers grew by 3.8% to 21.7 million, with Autoship customer sales representing a significant 84.6% of net sales.
