Chewy (NYSE:CHWY) Updates Q2 2026 Earnings Guidance

Chewy (NYSE:CHWY) updated its second quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of 0.360-0.360 for the period, compared to the consensus EPS estimate of 0.370. The company issued revenue guidance of $3.3 billion-$3.3 billion, compared to the consensus revenue estimate of $3.4 billion. Chewy also updated its FY 2026 guidance to EPS.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Bank of America cut their target price on Chewy from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, March 26th. Citigroup cut their target price on Chewy from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Zacks Research downgraded Chewy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings raised shares of Chewy from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Finally, The Goldman Sachs Group cut their price target on shares of Chewy from $52.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.24.

Chewy Stock Up 1.2%

Shares of CHWY stock opened at $20.39 on Wednesday. Chewy has a twelve month low of $19.30 and a twelve month high of $46.35. The company has a market cap of $8.50 billion, a P/E ratio of 39.21, a P/E/G ratio of 0.89 and a beta of 1.44. The business has a fifty day simple moving average of $23.91 and a 200 day simple moving average of $27.71.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, June 10th. The company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.35 billion. Chewy had a return on equity of 53.48% and a net margin of 1.77%.Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. As a group, equities research analysts anticipate that Chewy will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Chewy

In other news, CEO Sumit Singh sold 83,306 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $25.60, for a total transaction of $2,132,633.60. Following the completion of the transaction, the chief executive officer directly owned 874,061 shares in the company, valued at $22,375,961.60. This trade represents a 8.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Da-Wai Hu sold 8,149 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $26.91, for a total value of $219,289.59. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 95,675 shares of company stock valued at $2,459,955 in the last ninety days. Insiders own 0.34% of the company’s stock.

Chewy News Roundup

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: William Blair’s Dylan Carden reiterated a Buy rating, calling Chewy’s shares undervalued and pointing to structural margin upside and long-term free cash flow potential. Article: Dylan Carden Reiterates Buy on Chewy, Citing Undervalued Shares, Structural Margin Upside, and Long-Term Free Cash Flow Potential
• Neutral Sentiment: Chewy is expected to report Q1 earnings before the open on June 10, and analysts are comparing results against lowered estimates as the company heads into a closely watched print. Article: Chewy Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts
• Neutral Sentiment: There has been unusually heavy options activity in CHWY, suggesting traders are positioning for a potentially larger post-earnings move. Article: Chewy Target of Unusually High Options Trading (NYSE:CHWY)
• Neutral Sentiment: Jim Cramer said Chewy looks “so cheap,” but also raised the key question of whether consumers are cutting back on pet spending, highlighting the central debate around the stock. Article: Jim Cramer on Chewy: “That Stock Is So Cheap”
• Negative Sentiment: Recent previews note that Chewy’s stock has been hit hard over the past year, with investors worried about consumer weakness, inflation pressure, and whether the company can beat lowered expectations. Article: Chewy Q1 Preview: Stock Hovers Near 2-Year Lows, Wall Street Cuts Targets Ahead Of Earnings
• Negative Sentiment: A valuation-focused article also highlighted scrutiny around Chewy’s AI spending, vet clinic expansion, and softer consumer confidence, reinforcing concerns that near-term spending may stay pressured. Article: Chewy (CHWY) Valuation Check As Q1 Earnings, AI Spending And Vet Expansion Draw Investor Scrutiny

Institutional Investors Weigh In On Chewy

A number of hedge funds have recently added to or reduced their stakes in the business. National Bank of Canada FI increased its holdings in Chewy by 12.5% in the third quarter. National Bank of Canada FI now owns 2,910 shares of the company’s stock worth $118,000 after purchasing an additional 324 shares in the last quarter. Utah Retirement Systems increased its stake in Chewy by 4.4% in the fourth quarter. Utah Retirement Systems now owns 11,586 shares of the company’s stock valued at $383,000 after purchasing an additional 485 shares in the last quarter. Rafferty Asset Management LLC increased its stake in Chewy by 3.6% in the fourth quarter. Rafferty Asset Management LLC now owns 14,108 shares of the company’s stock valued at $466,000 after purchasing an additional 489 shares in the last quarter. Gabelli Funds LLC increased its stake in Chewy by 6.3% in the third quarter. Gabelli Funds LLC now owns 8,500 shares of the company’s stock valued at $344,000 after purchasing an additional 500 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of Chewy by 3.7% during the third quarter. Quadrant Capital Group LLC now owns 14,893 shares of the company’s stock valued at $602,000 after acquiring an additional 530 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors.

Chewy Company Profile

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.