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Chewy Raises Annual Outlook After Beating Revenue Targets

By Stocks Desk · 2026-09-10 · Updated 2026-09-10 17:45 UTC
A flat vector illustration of a cardboard box filled with pet food kibble and a red leash.
Illustration: Tradingbird

Chewy beat Q2 revenue expectations and lifted its full-year outlook, driven by strong Autoship growth and new health platforms. The company projects $50 million in annual AI cost savings by 2027, maintaining its guidance despite a softening broader pet market.

  • Per GN markets/earnings (en-US), management clarified that the raised FY2026 net sales target of $13.46B–$13.57B assumes no significant consumer recovery, while AI-driven efficiency gains are projected to save $50 million annually by FY2027.

    Source: GN markets/earnings (en-US)

  • Chewy reported Q2 revenue of $3.3 billion, up 7.28% year-over-year, and lifted its full-year guidance despite a post-earnings share price decline.

    Source: GN markets/earnings (en-US)
Based on reporting by GN markets/earnings (en-US) and GN markets/earnings (en-US), compiled by the Tradingbird desk.

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