Chewy (NYSE:CHWY) Issues Q2 2026 Earnings Guidance

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

Chewy Trading Up 1.2%

Shares of CHWY stock opened at $20.39 on Wednesday. The firm has a market capitalization of $8.50 billion, a PE ratio of 39.21, a price-to-earnings-growth ratio of 0.89 and a beta of 1.44. The firm has a fifty day simple moving average of $23.91 and a two-hundred day simple moving average of $27.71. Chewy has a 12 month low of $19.30 and a 12 month high of $46.35.

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

Analyst Ratings Changes

A number of analysts have commented on CHWY shares. The Goldman Sachs Group decreased their price target on shares of Chewy from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, March 26th. Citigroup decreased their price target on shares of Chewy from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Argus upgraded shares of Chewy to a “strong-buy” rating in a research note on Tuesday, April 7th. Bank of America decreased their price target on shares of Chewy from $46.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, March 26th. Finally, Raymond James Financial restated an “outperform” rating and set a $25.00 price target on shares of Chewy in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Chewy presently has an average rating of “Moderate Buy” and an average price target of $41.24.

Insiders Place Their Bets

In other Chewy news, General Counsel Da-Wai Hu sold 8,149 shares of Chewy stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total transaction of $219,289.59. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sumit Singh sold 83,306 shares of Chewy 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 represents a 8.70% decrease in their ownership of the stock. 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 have sold a total of 95,675 shares of company stock worth $2,459,955 over the last ninety days. Insiders own 0.34% of the company’s stock.

Key Headlines Impacting Chewy

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

Hedge Funds Weigh In On Chewy

A number of hedge funds have recently bought and sold shares of the company. National Bank of Canada FI boosted its holdings in Chewy by 12.5% during the 3rd quarter. National Bank of Canada FI now owns 2,910 shares of the company’s stock worth $118,000 after acquiring an additional 324 shares during the last quarter. Utah Retirement Systems boosted its holdings in Chewy by 4.4% during the 4th quarter. Utah Retirement Systems now owns 11,586 shares of the company’s stock worth $383,000 after acquiring an additional 485 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in Chewy by 3.6% during the 4th quarter. Rafferty Asset Management LLC now owns 14,108 shares of the company’s stock worth $466,000 after acquiring an additional 489 shares during the last quarter. Gabelli Funds LLC boosted its holdings in shares of Chewy by 6.3% in the 3rd quarter. Gabelli Funds LLC now owns 8,500 shares of the company’s stock worth $344,000 after buying an additional 500 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Chewy by 3.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 14,893 shares of the company’s stock worth $602,000 after buying an additional 530 shares during the last quarter. 93.09% of the stock is 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.