Chewy (NYSE:CHWY) Releases Quarterly Earnings Results, Hits Expectations

Chewy (NYSE:CHWY) posted its quarterly earnings data on Wednesday. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43, FiscalAI reports. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.35 billion. Chewy had a return on equity of 53.48% and a net margin of 1.77%. Chewy updated its Q2 2026 guidance to 0.360-0.360 EPS.

Chewy Stock Up 1.2%

CHWY opened at $20.39 on Wednesday. The stock’s fifty day moving average is $23.91 and its two-hundred day moving average is $27.71. The company has a market capitalization of $8.50 billion, a P/E ratio of 39.21, a PEG ratio of 0.89 and a beta of 1.44. Chewy has a 52 week low of $19.30 and a 52 week high of $46.35.

Analyst Ratings Changes

CHWY has been the subject of a number of research analyst reports. Zacks Research lowered Chewy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Citizens Jmp decreased their price target on Chewy from $48.00 to $45.00 and set a “market outperform” rating for the company in a research note on Thursday, March 26th. Wall Street Zen lowered Chewy from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. The Goldman Sachs Group decreased their price target on Chewy from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, March 26th. Finally, Bank of America decreased their price target on Chewy from $46.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Chewy currently has a consensus rating of “Moderate Buy” and an average target price of $41.24.

Key Chewy News

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

Insider Buying and Selling at Chewy

In other Chewy news, CEO Sumit Singh sold 83,306 shares of the firm’s stock in a transaction on 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 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 position. The transaction was disclosed in a document filed with the SEC, 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 on 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 a total of 95,675 shares of company stock worth $2,459,955 over the last 90 days. 0.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CHWY. Osterweis Capital Management Inc. purchased a new position in shares of Chewy in the 2nd quarter valued at $30,000. Los Angeles Capital Management LLC purchased a new position in Chewy during the 4th quarter worth $31,000. Aster Capital Management DIFC Ltd purchased a new position in Chewy during the 4th quarter worth $45,000. EverSource Wealth Advisors LLC grew its stake in Chewy by 412.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,091 shares of the company’s stock worth $46,000 after buying an additional 878 shares during the last quarter. Finally, Danske Bank A S purchased a new position in Chewy during the 3rd quarter worth $53,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

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.