Chewy (NYSE:CHWY) Posts Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Chewy (NYSE:CHWY) issued its quarterly earnings data on Wednesday. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.18 by $0.18, FiscalAI reports. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.32 billion. Chewy had a net margin of 1.99% and a return on equity of 60.02%.

Chewy Price Performance

Shares of CHWY stock opened at $23.20 on Wednesday. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 38.67, a P/E/G ratio of 0.94 and a beta of 1.42. The stock’s fifty day simple moving average is $22.44 and its 200 day simple moving average is $23.17. Chewy has a one year low of $17.40 and a one year high of $42.24.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CHWY. Rosenblatt Securities initiated coverage on Chewy in a report on Thursday, August 20th. They issued a “neutral” rating and a $25.00 price objective for the company. TD Cowen restated a “buy” rating on shares of Chewy in a research note on Tuesday, June 23rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $34.00 price target on shares of Chewy in a research report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Chewy from $45.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, June 11th. Finally, The Goldman Sachs Group lowered their target price on shares of Chewy from $46.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $31.27.

Key Headlines Impacting Chewy

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Chewy reported fiscal Q2 net sales of $3.33 billion, up 7.3% year over year, while net income increased to $80.5 million from $62.0 million. Adjusted EBITDA was $226.7 million, and the net margin improved by 40 basis points to 2.4%. Chewy Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Reported quarterly EPS of $0.36 exceeded the $0.18 analyst consensus, while revenue was slightly above the $3.32 billion estimate. The company also raised its full-year revenue and profitability outlook. Chewy Earnings Results
• Positive Sentiment: Customer trends remained favorable: active customers rose 3.8% to 21.705 million, and Autoship generated $2.82 billion, or 84.6% of quarterly sales. Full-year revenue guidance of $13.5 billion to $13.6 billion is well above the cited $12.8 billion consensus, while Q3 revenue guidance of $3.3 billion to $3.4 billion is broadly in line with expectations.
• Neutral Sentiment: Institutional positioning was mixed, with 287 investors adding shares and 383 reducing positions in the latest reported quarter. Large purchases by the Canada Pension Plan Investment Board and Federated Hermes contrasted with sizable reductions by Viking Global, Citadel and other funds.
• Negative Sentiment: Gross margin remained flat at 30.4%, and overall sales growth was not especially strong for a company trading at a relatively elevated earnings multiple. Investors may also be focusing on cautious consumer spending and delivery-cost pressures highlighted ahead of the report.
• Negative Sentiment: Insiders reported seven open-market sales and no purchases over the past six months, including sales by CEO Sumit Singh totaling approximately 137,000 shares. That activity may weigh on sentiment despite the earnings beat.

Insider Activity at Chewy

In related news, General Counsel Da-Wai Hu sold 4,203 shares of Chewy stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $19.49, for a total transaction of $81,916.47. Following the completion of the transaction, the general counsel owned 4,103 shares in the company, valued at approximately $79,967.47. This trade represents a 50.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Chewy

Institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in shares of Chewy by 295.9% in the 3rd quarter. Wellington Management Group LLP now owns 17,622,768 shares of the company’s stock valued at $712,841,000 after buying an additional 13,171,325 shares during the period. Viking Global Investors LP grew its stake in shares of Chewy by 146.9% in the 4th quarter. Viking Global Investors LP now owns 13,536,645 shares of the company’s stock valued at $447,386,000 after buying an additional 8,052,955 shares during the period. AQR Capital Management LLC boosted its stake in Chewy by 10.0% during the fourth quarter. AQR Capital Management LLC now owns 11,218,840 shares of the company’s stock worth $370,558,000 after buying an additional 1,022,694 shares during the period. Morgan Stanley lifted its stake in Chewy by 33.8% during the 4th quarter. Morgan Stanley now owns 7,660,258 shares of the company’s stock worth $253,172,000 after acquiring an additional 1,937,014 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Chewy by 3.0% in the 4th quarter. State Street Corp now owns 6,655,547 shares of the company’s stock valued at $219,966,000 after buying an additional 193,947 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

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.