Chewy, Inc. (CHWY) reported that its second quarter net income declined to $62.0 million from $299.1 million, prior year. Earnings per share was $0.14 compared to $0.68. Adjusted earnings per share was $0.33 compared to $0.24. Analysts on average expected the company to report profit per share of $0.33, for the quarter. Analysts' estimates typically exclude special items. Net sales were $3.10 billion, increased 8.6 percent year over year.
"Q2 net sales exceeded the high end of our guidance range, growing nearly 9% year over year to $3.1 billion, with Autoship customer net sales increasing by 15% and representing 83% of total net sales for the quarter. Chewy's differentiated value proposition was once again on display, with both active customers and share of wallet growing 4.5% year over year to reach nearly 21 million customers and $591, respectively," said Sumit Singh, CEO of Chewy.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.