Chewy 2026 Outlook

Chewy updated its fiscal 2026 outlook: full‑year net sales expected $13.40 – $13.55 billion (down from $13.55 – $13.75 billion) and adjusted EBITDA margin guidance remains 6.6 – 6.8 %. Second‑quarter sales guidance is $3.30 – $3.33 billion. Management maintained the adjusted EBITDA margin target of 6.6 – 6.8 % despite a softer consumer backdrop, emphasizing health‑care and AI‑led efficiency and citing pet‑health as a $54 billion addressable market.