Will Chewy delight their pet-loving shareholders with an earnings beat when they report on June 10?

Chewy reported Q1 fiscal 2026 earnings on June 10, posting results that beat key profit metrics and met revenue expectations. The online pet retailer's adjusted EBITDA came in at $253.1 million, surpassing analyst estimates of $240.1 million by roughly 5 percent, while revenue rose 7.7 percent year-over-year to $3.36 billion.

The company's gross margin improved to 30.1 percent, up 50 basis points from a year earlier, and adjusted EBITDA margin reached 7.5 percent, a gain of 130 basis points year-over-year. Chewy added nearly 200,000 net new customers in the quarter, underscoring continued traction with its autoship subscription program, which drives a large share of the company's recurring revenue.

Chewy has spent recent quarters demonstrating that it can translate its dominant position in the online pet supply market into durable profitability, following a period of slower growth after the pandemic-era pet ownership surge normalized. The Q1 results provided further evidence of that trajectory. The Predict Six community was 83 percent confident in an earnings beat, and that view proved accurate.