Chewy’s next earnings call on September 9 follows a Q1 beat that prompted a lowered full-year 2026 revenue outlook to $13.40–13.55 billion amid softer consumer spending and slower premiumization, while margin targets held steady. Traders are focused on updates around AI-driven operational efficiencies expected to deliver low tens of millions in savings this year and scale beyond $50 million annually by 2027, alongside progress on the Modern Animal and SmartPak acquisitions expanding the vet clinic network toward 60 locations. Recurring Autoship revenue (over 84% of sales) and share gains versus Amazon and Walmart remain key themes, with any commentary on customer acquisition trends or platform investments likely to shape sentiment on near-term guidance revisions.