Chewy, Inc. reported second-quarter fiscal 2026 results, with revenue growing 7.3% as the company outperformed the broader pet category by 2x to 3x. Management highlighted triple-digit growth in Chewy Vet Care and fresh and frozen products, while Autoship sales reached 84.6% of total net sales. Adjusted EBITDA margin came in at 6.8%, including about $15 million in one-time benefits, and the company completed its $400 million acquisition of Modern Animal during the quarter. For fiscal 2026, Chewy expects AI initiatives to generate low-tens of millions in cost savings, scaling to approximately $50 million annually by fiscal 2027, and maintains a free cash flow conversion rate of about 80%. The company plans to launch a redesigned Chewy Plus program in Q3, integrating health benefits to deepen customer engagement.
Chewy IncChewy reported Q2 revenue growth of 7.3% with adjusted EBITDA margin of 6.8% and raised its AI cost-savings outlook.
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