Chewy Inc (DE:3HH)
NYSE:3HH
Earnings Data
Report Date
Jun 10, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.21Last Year’s EPS
0.13Same Quarter Last Year
Strong Buy
Based on 19 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized broad operational and financial progress: mid-to-high single-digit organic revenue growth, recurring-revenue strength with Autoship, sequential NSPAC and active-customer improvements, margin expansion and record free cash flow, plus strategic investments (CVC, private brands, AI) expected to drive further efficiency and higher long-term margins. The company provided constructive 2026 guidance (8%–9% sales growth, ~100 bps EBITDA margin expansion) and highlighted capital return via buybacks. Headwinds are primarily cadence- and mix-related rather than structural: a low-single-digit industry growth backdrop, a seasonally soft Q1, some moderated gross-margin pacing in 2026, early-stage initiatives (Chewy+, SmartEquine) that require additional execution, and ongoing A&M/SG&A spend. Overall, highlights substantially outweigh the lowlights, indicating continued execution and constructive outlook but with a cautious, back-loaded growth cadence.Company Guidance
Strong Revenue Growth
Q4 net sales of $3.26B and full-year 2025 net sales of $12.6B, representing year-over-year net sales growth of 8.1% in Q4 and 8.3% for the full year.
Recurring Revenue Strength (Autoship)
Autoship customer sales of over $2.7B in Q4 and $10.5B for 2025, representing 84% of Q4 net sales and 83.3% for the full year; Autoship sales grew ~13% in Q4 and 14% for the full year, outpacing overall top-line growth.
Active Customer and Net Add Momentum
Ended 2025 with 21.3M active customers, up ~4% year-over-year, and net additions improved by more than 810,000 year-over-year for fiscal 2025; management expects continuing quarterly net adds of ~150k–250k.
NSPAC Expansion
NSPAC (net sales per active customer) reached $591 in Q4 2025, up approximately 4% year-over-year, driven by premium and health mix and engagement initiatives.
Margin Expansion and Profitability Gains
Q4 gross margin 29.4% and full-year gross margin 29.8%, reflecting ~90 bps expansion in Q4 and ~60 bps for the year; adjusted EBITDA Q4 $162M (5.0% margin, +120 bps YoY) and full-year adjusted EBITDA $719M (5.7% margin, +90 bps YoY).
Record Free Cash Flow and Strong Balance Sheet
Record free cash flow of $232M in Q4 and $562.4M for fiscal 2025; $691.6M net cash provided by operating activities; ended year with ~$879M cash and ~$1.7B liquidity, remaining debt-free.
Capital Return via Buybacks
Repurchased and retired ~6.8M shares, spending approximately $257M in 2025, and management expects increased repurchase activity in 2026.
Confident 2026 Guidance
Full-year 2026 guidance of $13.6B–$13.75B net sales (~8%–9% YoY growth) and adjusted EBITDA margin guidance 6.6%–6.8% (≈100 bps YoY expansion at midpoint); adjusted EBITDA expected ~$900M–$930M.
Strategic Growth Initiatives: Chewy Vet Care and Private Brands
Opened 10 new Chewy Vet Care practices in 2025 (18 locations across 5 states), with CVC described as the fastest NSPAC compounder; launching Chewy Made platform to expand private brand penetration in consumables.
AI-Driven Efficiency Roadmap
Executing enterprise AI rollout across customer experience, service, fulfillment and marketing; expects AI-driven efficiencies to contribute a low tens of millions in 2026 with a pathway to ~ $50M+ annualized savings in 2027.
DE:3HH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:3HH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 25, 2026 | €19.61 | €20.28 | +3.40% |
Dec 10, 2025 | €28.85 | €31.18 | +8.09% |
Sep 10, 2025 | €34.81 | €36.59 | +5.13% |
Jun 11, 2025 | €39.81 | €40.27 | +1.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Chewy Inc (DE:3HH) report earnings?
Chewy Inc (DE:3HH) is schdueled to report earning on Jun 10, 2026, After Close (Confirmed).
What is Chewy Inc (DE:3HH) earnings time?
Chewy Inc (DE:3HH) earnings time is at Jun 10, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Chewy Inc stock?
The P/E ratio of Chewy is N/A.
What is DE:3HH EPS forecast?
DE:3HH EPS forecast for the fiscal quarter 2026 (Q1) is 0.21.
