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Chewy cuts full-year revenue forecast, Q2 EPS below estimates despite Q1 revenue growth

Market News
10 Jun 2026
Blockonomi
View Source
Bearish
pluang ai news

Chewy reported a 7.7% revenue increase to $3.36 billion in Q1, matching EPS estimates at 43 cents. The customer base grew 3.6% to 21.5 million, with average revenue per user rising 2.4%. However, the company lowered its full-year revenue forecast to $13.4B–$13.55B from $13.6B–$13.75B and projected Q2 EPS of about 36 cents, below Wall Street's 40-cent estimate. CEO Sumit Singh highlighted ongoing market share gains amid a tougher economic environment but signaled cautious outlook due to consumer financial pressures affecting the broader pet industry.

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