Chewy (NYSE:CHWY) Releases Q2 2026 Earnings Guidance

Chewy (NYSE:CHWY) updated its second quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.360-0.360 for the period, compared to the consensus 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. TD Cowen decreased their price target on Chewy from $42.00 to $34.00 and set a “buy” rating for the company in a report on Thursday. Wolfe Research reiterated an “outperform” rating and set a $27.00 price target on shares of Chewy in a report on Thursday. Raymond James Financial reiterated a “buy” rating on shares of Chewy in a report on Wednesday. Wall Street Zen downgraded Chewy from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Citizens Jmp decreased their price target on Chewy from $45.00 to $28.00 and set a “market outperform” rating for the company in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.62.

Chewy Price Performance

Shares of NYSE:CHWY opened at $18.81 on Friday. The company has a market capitalization of $7.84 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 0.89 and a beta of 1.44. The business has a fifty day moving average price of $23.63 and a two-hundred day moving average price of $27.51. Chewy has a 1 year low of $18.38 and a 1 year high of $43.84.

Chewy (NYSE:CHWY) last announced its quarterly earnings data on Wednesday, June 10th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.19. The firm 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 60.02% and a net margin of 1.99%.The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. Sell-side analysts anticipate that Chewy will post 0.87 earnings per share for the current year.

Insiders Place Their Bets

In other Chewy news, General Counsel Da-Wai Hu sold 8,149 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $26.91, for a total value of $219,289.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sumit Singh sold 83,306 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $25.60, for a total value of $2,132,633.60. Following the completion of the transaction, the chief executive officer owned 874,061 shares of the company’s stock, valued at $22,375,961.60. This trade represents a 8.70% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders sold a total of 95,675 shares of company stock valued at $2,459,955 in the last 90 days. Corporate insiders own 0.34% of the company’s stock.

Chewy News Roundup

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Chewy’s Q1 results showed revenue growth, better-than-expected earnings, and margin expansion, with Autoship continuing to support recurring sales. Chewy Q1 Earnings Meet Estimates, Sales Beat on Autoship Strength
• Positive Sentiment: Several analysts kept bullish ratings despite lowering price targets, indicating belief in valuation support and long-term upside. Chewy: Buy Rating Reiterated as Analyst Cuts Price Target to $31 but Sees Significant Upside from Compressed Valuation
• Neutral Sentiment: Chewy completed its acquisition of Modern Animal, expanding its vet clinic footprint and reinforcing its pet health strategy. Chewy Expands Vet Clinics To Build Unified Omnichannel Pet Health Platform
• Negative Sentiment: The main drag on the stock is the lowered fiscal 2026 sales outlook, which points to softer consumer spending and slower near-term growth. Why Chewy (CHWY) Shares Are Plunging Today
• Negative Sentiment: Chewy’s stock also hit a new 52-week low, reflecting investor concern that growth may stay muted despite better profitability. Chewy (NYSE:CHWY) Hits New 52-Week Low – What’s Next?

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Sivia Capital Partners LLC bought a new position in shares of Chewy during the 2nd quarter worth $457,000. DRW Securities LLC bought a new position in shares of Chewy during the 4th quarter worth $263,000. nVerses Capital LLC bought a new position in shares of Chewy during the 4th quarter worth $251,000. Arkadios Wealth Advisors bought a new position in shares of Chewy during the 4th quarter worth $230,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. bought a new position in shares of Chewy during the 4th quarter worth $228,000. Institutional investors own 93.09% of the company’s stock.

About Chewy

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.