Chewy (NYSE:CHWY) Releases Earnings Results

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

Chewy Stock Performance

Shares of CHWY stock opened at $23.20 on Wednesday. Chewy has a 52-week low of $17.40 and a 52-week high of $42.24. The company has a market capitalization of $9.50 billion, a price-to-earnings ratio of 38.67, a PEG ratio of 0.94 and a beta of 1.42. The company has a 50-day simple moving average of $22.44 and a two-hundred day simple moving average of $23.17.

Insider Activity

In related news, General Counsel Da-Wai Hu sold 4,203 shares of the 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 sale, the general counsel owned 4,103 shares of the company’s stock, valued at approximately $79,967.47. This represents a 50.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Chewy

Hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. raised its position in Chewy by 14.9% during the fourth quarter. Pacer Advisors Inc. now owns 33,734 shares of the company’s stock valued at $1,115,000 after purchasing an additional 4,374 shares in the last quarter. Corient Private Wealth LLC purchased a new position in shares of Chewy during the fourth quarter valued at approximately $315,000. Vident Advisory LLC raised its stake in Chewy by 7.7% in the fourth quarter. Vident Advisory LLC now owns 67,409 shares of the company’s stock worth $2,228,000 after buying an additional 4,800 shares in the last quarter. Delta Global Management LP purchased a new position in Chewy during the 4th quarter valued at about $1,278,000. Finally, XTX Topco Ltd boosted its stake in Chewy by 266.9% during the fourth quarter. XTX Topco Ltd now owns 99,191 shares of the company’s stock worth $3,278,000 after acquiring an additional 72,159 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors.

Trending Headlines about 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.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CHWY. Bank of America cut their price target on shares of Chewy from $33.00 to $31.00 in a report on Thursday, June 11th. Royal Bank Of Canada reissued an “outperform” rating and set a $34.00 target price on shares of Chewy in a research report on Wednesday, August 26th. The Goldman Sachs Group cut their price target on shares of Chewy from $46.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, June 12th. Mizuho decreased their target price on Chewy from $40.00 to $32.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Wolfe Research reiterated an “outperform” rating and set a $27.00 target price on shares of Chewy in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.27.

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.