Chewy Inc

CHWY: XNYS (USA)

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Chewy Earnings: Volume-Led Sales Growth Signals Resilience With Consumers; Shares Undervalued

Jaime M Katz , Aidan Kernell

Mar 25, 2026

Chewy reported fourth-quarter sales of $3.26 billion, up 8.1% on a normalized basis, driven primarily by volume (unquantified). Adjusted EBITDA margins expanded to 5.0% from 3.8% from sponsored ad growth, premium mix shift from health products, and reduced promotional activity.

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Chewy Inc

Chewy Earnings: Volume-Led Sales Growth Signals Resilience With Consumers; Shares Undervalued

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