NYSE:CHWY
Chewy, Inc. (CHWY)
Financials 
Technical Analysis 
Jun 3, 2026, 12:00 amThis summary was created by AI, based on 4 opinions in the last 12 months.
Chewy, Inc. (CHWY) has been experiencing mixed sentiment from analysts and investors. While the company reported a modest top and bottom line beat, the market response has been tepid due to a combination of factors, including general uncertainty in retail stocks related to the US-Iran conflict and conservative guidance for upcoming quarters. Despite achieving new sales growth and enhancements in gross margin, the stock plummeted 16% after a solid quarter, mainly due to Wall Street's disappointment regarding future performance expectations and fulfillment center readiness. There is a recognition of Chewy as a good company, yet skepticism remains prevalent toward its stock performance given the recent turbulence in the market and concerns about wider economic conditions. The stock oscillated today but ultimately saw a minor increase, reflecting a cautious optimism that has not materialized as expected in valuation.
They reported a solid quarter with better guidance last week, but shares were hammered 16%. Then, it caught two upgrades and rose, but is still lower than before the quarter. Q2: +8.6% new sales YOY, +0.8% gross margin and $0.33 EPS. Didn't touch their full-year forecast and guidance for the current quarter was strong. They bought back $125 million of shares this quarter. But Wall Street didn't like that their new fulfillment centre needs 6 months to get up to speed. True, their numbers beat, but didn't beat the "whisper number." Still, this doesn't justify the 16% sell off.
They reported last week a nice revenue and adjusted EBITDA beat, and raised their full-year forecast. And yet, shares plunged 7%, because shares came into the report hot, up 23% in November. CHWY forecast Q4 margins at 3-3.8%, while the street expected 3.9% and was disappointed. Buy on this dip because of strong numbers: 20.2 million active members, more than expected, and $567.50 spending per active customer, a record high, and pet adoption in the industry growing around 10%, a positive sign. Also, their six vet clinics are bringing in new customers, and they plan to open two more. Also, the clinics are expanding to Canada (Toronto).
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Premium contentOnce a dog, this American pet food maker is a comeback after reporting Q1 results. Shares jumped 30% after the company reported earnings per share (EPS) of US$0.15, which blew away street estimates by 291%. Meanwhile, revenues of US$2.9 billion (all USD)were in line. Net income more than tripled from a year ago to $67.3 million, or $0.15 per share while gross margins climbed 130 basis points to 29.7% and net margins increased 150 basis points to 2.3%. Growth has moderated, but profits are now consistent and growing. Analysts were impressed enough to raise Chewy's price target rose by 8.4% to US$25.12. So, how did the company beat the post-Covid slump? One step was recently opening Chewy Vet Care clinics, targeting younger, tech-savvy pet owners, who can see their pet's medical information displayed on interactive screens in the exam room but also access that data on their portable devices. This cohort of Millennials and GenZ'ers make up 46% of pet owners in the U.S., so penetrating this market through the clinics is a savvy move.
It's a comeback story after sliding post-Covid. Shares jumped 27% this week after reporting. They introduced pet care clinics that helps bring down pet care costs. They execute well. Gross margins have expanded. They announced a $500 million buyback and are succeeding in the face of Amazon.
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Chewy, Inc. (CHWY) Frequently Asked Questions
What is Chewy, Inc. stock symbol?
Chewy, Inc. is a American stock, trading under the symbol CHWY (previously CHWY-N on Stockchase) on the New York Stock Exchange (CHWY). It is usually referred to as NYSE:CHWY or CHWY
Is Chewy, Inc. a buy or a sell?
In the last year, 3 stock analysts published opinions about CHWY (previously CHWY-N on Stockchase). 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for Chewy, Inc..
Is Chewy, Inc. a good investment or a top pick?
Chewy, Inc. was recommended as a Top Pick by Jim Cramer - Mad Money on 2021-05-26. Read the latest stock experts ratings for Chewy, Inc..
Why is Chewy, Inc. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.
Is Chewy, Inc. worth watching?
3 stock analysts on Stockchase covered Chewy, Inc. in the last year. It is a trending stock that is worth watching.
What is Chewy, Inc. stock price?
On 2026-06-04, Chewy, Inc. (CHWY) stock closed at a price of $20.97.
High growth, but their last numbers didn't blow the doors off and the market isn't confident about retail stocks because of the US-Iran war. Until the war ends, you can't buy this.