Online pet retail gross margin measures gross profit as a percentage of net sales for an online pet retail platform.
Chewy reported a 30.4% gross margin for the thirteen weeks ended August 2, 2026, unchanged from the prior-year quarter.
Margin reflects merchandise, vendor, freight, and advertising economics
Chewy's cost of goods sold includes product cost, inventory freight, shipping supplies, shrinkage, and inventory valuation adjustments, net of certain vendor promotions and rebates.
The company also said year-to-date gross-margin improvement reflected sponsored-ad growth and stronger consumables margins.
Fulfillment expense sits below gross profit
Chewy classifies fulfillment-center operating costs in selling, general and administrative expense rather than cost of goods sold.
That makes fulfillment expense rate a separate layer of operating conversion rather than part of gross margin.
Primary source: Chewy Q2 fiscal 2026 Form 10-Q.
Part of the Online Pet Retail Economics
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- CHWYOpen operating-model research →10 of 10 reviewed concepts in Online Pet Retail EconomicsGross profit and fulfillment conversion2 of 2 bridge concepts supportedContinue through this bridge:Fulfillment Expense Rate
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Compare online pet retail gross margins
Compare gross margins with merchandise mix, vendor funding, freight, sponsored ads, and inventory accounting in view.
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