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Chewy's second-quarter sales rose 7.3% to $3.33 billion, driven by active customer growth, higher spending per customer and Autoship. Active customers increased 3.8% to 21.7 million, while Autoship sales grew 9.3% and represented 84.6% of revenue.
Adjusted EBITDA margin reached 6.8%, exceeding guidance, although much of the outperformance came from timing-related and discrete benefits such as tariff refunds and rebates. Chewy also benefited from improved fulfillment efficiency, automation and AI-enabled productivity.
Chewy raised and narrowed its fiscal 2026 outlook to $13.46 billion-$13.57 billion in sales and a 6.7%-6.8% adjusted EBITDA margin. Health acquisitions and AI remain strategic priorities, with AI expected to generate low tens of millions of dollars in savings this year and about $50 million annually in fiscal 2027.