Chewy’s upcoming September 9 earnings call will likely center on updates to its fiscal 2026 guidance amid ongoing consumer softness, with traders watching for commentary on Autoship retention, pet healthcare expansion, and AI-driven efficiencies. The company recently lowered full-year net sales expectations to $13.40–13.55 billion after Q1 results showed resilient margins but weaker premiumization and attachment rates, while integrating the Modern Animal acquisition and targeting roughly 60 vet clinics by year-end. Management has highlighted low-tens-of-millions in AI and automation savings for 2026, scaling to over $50 million annualized thereafter, alongside e-commerce platform advantages in an expanding pet category. Key swing factors include any revised customer-add or margin targets and competitive positioning versus Amazon.