Chewy Inc

CHWY: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Chewy Earnings: Margin Durability Offsets Softer Discretionary Spending Outlook; Shares Undervalued

Jaime M Katz

Jun 10, 2026

Chewy's first-quarter results included 7.7% net sales growth and diluted EPS of $0.23, up 54%. Gross margin expanded by 50 basis points to 30.1%, driven by sponsored ads, favorable product mix, and operational efficiency, but partly offset by higher fuel costs.

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Chewy Inc

Chewy Earnings: Margin Durability Offsets Softer Discretionary Spending Outlook; Shares Undervalued

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