$CHWY

Chewy, Inc.

CIK:0001766502|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Aug. 02, 2026	Aug. 03, 2025	Aug. 02, 2026	Aug. 03, 2025
Income Statement [Abstract]
Net sales	$ 3,330.2	$ 3,104.2	$ 6,687.4	$ 6,220.2
Cost of goods sold	2,319.0	2,162.0	4,664.8	4,354.2
Gross profit	1,011.2	942.2	2,022.6	1,866.0
Operating expenses:
Selling, general and administrative	704.4	671.9	1,381.2	1,325.0
Advertising and marketing	214.8	200.6	420.9	394.4
Total operating expenses	919.2	872.5	1,802.1	1,719.4
Income from operations	92.0	69.7	220.5	146.6
Interest and other income, net	19.9	4.3	22.7	5.3
Income before income tax provision	111.9	74.0	243.2	151.9
Income tax provision	31.4	12.0	67.9	27.5
Net income	80.5	62.0	175.3	124.4
Comprehensive income:
Net income	80.5	62.0	175.3	124.4
Foreign currency translation adjustments	(0.3)	0.2	(0.3)	0.6
Comprehensive income	$ 80.2	$ 62.2	$ 175.0	$ 125.0
Earnings per share attributable to common Class A and Class B stockholders:
Basic (in dollars per share)	$ 0.20	$ 0.15	$ 0.43	$ 0.30
Diluted (in dollars per share)	$ 0.20	$ 0.14	$ 0.42	$ 0.29
Weighted-average common shares used in computing earnings per share:
Basic (in shares)	406.4	414.2	410.1	413.9
Diluted (in shares)	410.1	428.4	414.6	426.8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Aug. 02, 2026	Aug. 03, 2025
Cash flows from operating activities
Net income	$ 175.3	$ 124.4
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	76.7	62.1
Share-based compensation expense	150.4	150.4
Non-cash lease expense	19.6	17.4
Unrealized foreign currency (gains) losses, net	0.0	(0.2)
Other adjustments	6.8	5.8
Net change in operating assets and liabilities:
Accounts receivable	(8.2)	(52.1)
Inventories	(44.9)	(37.5)
Prepaid expenses and other current assets	(2.7)	(32.2)
Other non-current assets	(0.4)	0.0
Trade accounts payable	(65.3)	50.0
Accrued expenses and other current liabilities	(49.3)	(49.8)
Operating lease liabilities	(18.5)	(16.9)
Other long-term liabilities	6.4	(1.1)
Net cash provided by operating activities	245.9	220.3
Cash flows from investing activities
Capital expenditures	(85.6)	(65.7)
Proceeds from maturities of marketable securities	39.2	0.0
Purchases of marketable securities	(21.4)	0.0
Cash paid for acquisition of businesses, net of cash acquired	(552.8)	0.0
Other investing activities	0.0	(5.2)
Net cash (used in) investing activities	(620.6)	(70.9)
Cash flows from financing activities
Repurchases of common stock	(400.0)	(152.6)
Proceeds from, net of income taxes paid for, parent reorganization transaction	4.3	2.3
Repayment of borrowings and related financing costs	0.0	(0.8)
Proceeds from debt	811.7	0.0
Principal repayments of debt	(220.0)	0.0
Payments for tax withholdings related to vesting of share-based compensation awards	(68.7)	0.0
Other financing activities	(1.4)	(2.9)
Net cash provided by (used in) financing activities	125.9	(154.0)
Effect of exchange rate changes on cash and cash equivalents	(0.3)	0.6
Net (decrease) in cash and cash equivalents	(249.1)	(4.0)
Cash and cash equivalents, as of beginning of period	860.1	595.8
Cash and cash equivalents, as of end of period	$ 611.0	$ 591.8

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Aug. 02, 2026	Feb. 01, 2026
Current assets:
Cash and cash equivalents	$ 611.0	$ 860.1
Marketable securities	1.2	18.7
Accounts receivable	232.1	222.2
Inventories	924.7	864.8
Prepaid expenses and other current assets	76.3	70.0
Total current assets	1,845.3	2,035.8
Property and equipment, net	624.8	552.3
Intangible assets, net	149.7	0.3
Operating lease right-of-use assets	482.1	467.9
Goodwill	334.1	39.4
Deferred tax assets	264.7	232.2
Other non-current assets	39.9	38.5
Total assets	3,740.6	3,366.4
Current liabilities:
Trade accounts payable	1,166.0	1,221.4
Accrued expenses and other current liabilities	1,033.4	1,080.2
Current portion of long-term debt	3.0	0.0
Total current liabilities	2,202.4	2,301.6
Operating lease liabilities	527.2	518.7
Long-term debt, net	588.7	0.0
Other long-term liabilities	51.8	48.2
Total liabilities	3,370.1	2,868.5
Stockholders’ equity:
Preferred stock, $0.01 par value per share, 5,000,000 shares authorized, no shares issued and outstanding as of August 2, 2026 and February 1, 2026	0.0	0.0
Additional paid-in capital	1,550.7	1,852.9
Accumulated deficit	(1,184.8)	(1,360.1)
Accumulated other comprehensive income	0.6	0.9
Total stockholders’ equity	370.5	497.9
Total liabilities and stockholders’ equity	3,740.6	3,366.4
Common Class A
Stockholders’ equity:
Common stock, value	2.2	2.4
Common Class B
Stockholders’ equity:
Common stock, value	$ 1.8	$ 1.8