---
schema_version: "secwatch.filing_event.v1"
accession: "0001766502-23-000025"
form_type: "8-K"
ticker: "CHWY"
cik: "0001766502"
company_name: "Chewy, Inc."
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T10:40:38.998557+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Chewy Q1 net sales $2.78B (+14.7% YoY); net income $22.2M, adj. EBITDA $110.2M

## Summary
- Net sales $2.78B, +14.7% YoY; gross margin 28.4% expanded 90 bps YoY.
- Net income $22.2M (incl. $53.8M SBC); adjusted net income $87.2M; adj. EPS $0.20.
- Autoship customer sales 74.7% of net sales (+250 bps); net sales per active customer $512 (+14.8%).
- Active customers 20.4M (-0.9% YoY); free cash flow $127M (+$120M YoY).
- Adj. EBITDA $110.2M (+$49.7M YoY), margin 4.0% (+150 bps).

## SEC filing metadata
- accession: 0001766502-23-000025
- form_type: 8-K
- ticker: CHWY
- cik: 0001766502
- company_name: Chewy, Inc.
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1766502/000176650223000025/0001766502-23-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1766502/000176650223000025/chwy-20230531.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001766502-23-000025
- JSON: https://secwatch.observer/filing/0001766502-23-000025.json
- Plain text: https://secwatch.observer/filing/0001766502-23-000025.txt

## Key facts
- Earnings Releases
  Chewy, Inc. reported the first quarter of fiscal year 2023 ended April 30, 2023 results: revenue $2.78 billion, net income $22.2 million, EPS $0.05.
  - Period: the first quarter of fiscal year 2023 ended April 30, 2023
  - Revenue: $2.78 billion
  - Net income: $22.2 million
  - EPS: $0.05
  - Result: reported results
  source text: Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted destination for pet parents and partners everywhere, has released its financial results for the first quarter of fiscal year 2023 ended April 30, 2023, and posted a letter to its shareholders on its investor relations website at https://investor.chewy.com . Fiscal Q1 2023 Highlights: • Net sales of $2.78 billion improved 14.7 percent year over year • Gross margin of 28.4 percent expanded 90 basis points year over year • Net income of $22.2 million, including share-based compensation expense and related taxes of $53.8 million • Net margin of 0.8 percent remained flat year over year • Basic and diluted earnings per share of $0.05, an increase of $0.01 year over year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1766502/000176650223000025/0001766502-23-000025-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.