Chewy, Inc. (CHWY) Form 10-Q — Sep 9, 2026
Chewy's fiscal Q2 2026 net sales rose 7.3% year over year to $3.33 billion, with net income up 29.8% to $80.5 million and diluted EPS of $0.20 versus $0.14 a year ago. Adjusted EBITDA grew 23.7% to $226.7 million as margin expanded to 6.8% from 5.9%. Active customers grew 3.8% to 21.7 million and Autoship customer sales reached 84.6% of net sales. The quarter includes contributions from SmartPak, acquired in February 2026 for $175.0 million, and Modern Animal, acquired in May 2026 for $399.8 million, extending Chewy's push into pet healthcare and veterinary services.
Key figures
- Eps
- 0.2
- Net Income
- 80.5
- Total Debt
- 591.7
- Debt Amount
- $600 million (Term Loan Credit Facility principal)
- Revenue Yoy
- 7.3%
- Cash Position
- 611
- Interest Rate
- 5.41% weighted-average / 5.66% effective
- Maturity Date
- June 23, 2033
- H1 net income
- 175.3
- H1 diluted eps
- 0.42
- Buyback h1 cost
- $400.0M
- Buyback q2 cost
- $199.9M
- Q2 gross margin
- 30.4%
- H1 net sales yoy
- 7.5%
- Q2 net sales yoy
- 7.3%
- Abl facility size
- $800M (matures June 23, 2031)
- Buyback q2 shares
- 9886243
- H1 free cash flow
- 160.3
- Q2 free cash flow
- 89.5
- Q2 adjusted ebitda
- 226.7
- Q2 diluted eps yoy
- 42.9%
- Active customers yoy
- 3.8%
- Q2 free cash flow yoy
- -15.5%
- Abl available capacity
- $783.1M
- H1 capital expenditures
- 85.6
- Q2 adjusted diluted eps
- 0.36
- Smartpak purchase price
- $175.0M (completed Feb 2, 2026)
- Active customers millions
- 21.705
- Q2 adjusted ebitda margin
- 6.8%
- Class a shares outstanding
- 225449020
- Class b shares outstanding
- 176478229
- Autoship pct of net sales q2
- 84.6%
- Modern animal purchase price
- $399.8M (completed May 21, 2026)
- Q2 legal settlement proceeds
- $24.0M
- Net sales per active customer
- 602
- Remaining buyback authorization
- $350.1M
- Buyback authorized increase apr 2026
- $500M
- Organic net sales growth q2 ex acquisitions
- 5.7%
Price after filing
Close on the filing date to close N calendar days later (from $23.66). Historical, not a forecast.
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