Filing Flows › Chewy (CHWY) › Q1 FY27 › vs Q4 FY26
Chewy (CHWY) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Chewy's revenue rose $92.5M (+3%) from $3.3B in Q4 FY26 to $3.4B in Q1 FY27. Gross margin 30.1% against 29.4% (+0.7 pts).
Chewy, Q1 FY27: revenue $3.4B (+8% year over year), operating margin 3.8%, net earnings $94.8M, operating cash flow $108M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 30.1% | 29.4% | +0.7 pts |
| Operating margin | 3.8% | 1.3% | +2.5 pts |
| Net margin | 2.8% | 1.2% | +1.6 pts |
| Free cash flow margin | 2.1% | 7.1% | -5.0 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $3.4B | $3.3B | $92.5M | +3% |
| Gross profit | $1.0B | $960M | $51.7M | +5% |
| Cost of revenue | $2.3B | $2.3B | $40.8M | +2% |
| Operating profit | $128M | $42.5M | $86.0M | +202% |
| Operating expenses | $883M | $917M | −$34.3M | -4% |
| Pre-tax earnings | $131M | $42.1M | $89.2M | +212% |
| SG&A | $677M | $685M | −$7.8M | -1% |
| Other operating costs | $206M | $233M | −$26.5M | -11% |
| Net earnings | $94.8M | $39.2M | $55.6M | +142% |
| Income tax | $36.5M | $2.9M | $33.6M | 13× |
| Depreciation & amortization | $37.0M | $34.4M | $2.6M | +8% |
| Share-based compensation | $66.9M | $72.0M | −$5.1M | -7% |
| Working capital & other | $90.2M | −$118M | $208M | — |
| Operating cash flow | $108M | $263M | −$155M | -59% |
| Free cash flow (OCF − capex) | $70.8M | $232M | −$161M | -69% |
| Capital expenditures | $37.7M | $31.4M | $6.3M | +20% |
Questions
How much did Chewy's revenue grow quarter over quarter in Q1 FY27?
Chewy's revenue rose $92.5M (+3%) from $3.3B in Q4 FY26 to $3.4B in Q1 FY27. Gross margin 30.1% against 29.4% (+0.7 pts).