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Chewy, Inc. raises full-year outlook following Q2 sales growth
Chewy, Inc. reported its second quarter 2026 financial results, highlighting a 7.3 percent year-over-year increase in net sales to $3.33 billion. Despite the growth, the company's stock experienced a 7.5 percent decline on Wednesday, falling alongside other sector peers such as Tractor Supply Co. and Chewy's competitors, suggesting a broader market movement rather than company-specific issues.
Financial highlights for the quarter include a net income of $80.5 million and an adjusted EBITDA of $226.7 million, which represents a $43.4 million increase compared to the previous year. While net sales grew, the gross margin remained flat at 30.4 percent.
Based on the quarter's performance, CEO Sumit Singh stated that the company is raising its full-year 2026 revenue outlook. Chewy now expects annual net sales to fall between $13.46 billion and $13.57 billion.
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What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Net income for the second quarter was $80.5 million. last10k.com
- [○ 1 SOURCE] Chewy raised its full-year 2026 net sales guidance to a range of $13.46 billion to $13.57 billion. newsable.asianetnews.com
- [● 2 SOURCES] Adjusted EBITDA for the quarter was $226.7 million, an increase of $43.4 million year over year. last10k.com · newsable.asianetnews.com
- [● 2 SOURCES] The company's gross margin remained consistent year over year at 30.4 percent. last10k.com · newsable.asianetnews.com
- [● 3 SOURCES] Chewy reported second quarter 2026 net sales of $3.33 billion, a 7.3 percent increase year over year. news.alphastreet.com · last10k.com · newsable.asianetnews.com
- [○ 1 SOURCE] Chewy's stock price fell by 7.5 percent on Wednesday amid a sector-wide selloff. news.alphastreet.com