Chewy (NYSE:CHWY) Updates Q2 2026 Earnings Guidance

Chewy (NYSE:CHWY) updated its second quarter 2026 earnings guidance on Wednesday. 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.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CHWY. Jefferies Financial Group restated a “hold” rating on shares of Chewy in a research report on Thursday. Royal Bank Of Canada restated an “outperform” rating and set a $47.00 target price on shares of Chewy in a research report on Thursday, June 4th. Weiss Ratings upgraded Chewy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Argus upgraded Chewy to a “strong-buy” rating in a research report on Tuesday, April 7th. Finally, BNP Paribas Exane restated a “neutral” rating and set a $28.00 target price (down from $38.00) on shares of Chewy in a research report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $40.38.

Chewy Stock Performance

NYSE CHWY opened at $20.03 on Thursday. The stock’s fifty day moving average is $23.80 and its two-hundred day moving average is $27.62. The firm has a market capitalization of $8.35 billion, a P/E ratio of 38.52, a price-to-earnings-growth ratio of 0.91 and a beta of 1.44. Chewy has a fifty-two week low of $19.08 and a fifty-two week high of $43.84.

Chewy (NYSE:CHWY) last released its quarterly earnings data on Wednesday, June 10th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.19. The company had revenue of $3.36 billion for 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%.The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. Chewy has set its Q2 2026 guidance at 0.360-0.360 EPS. As a group, sell-side analysts forecast that Chewy will post 0.87 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Sumit Singh sold 83,306 shares of Chewy stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $25.60, for a total transaction of $2,132,633.60. Following the sale, the chief executive officer owned 874,061 shares of the company’s stock, valued at approximately $22,375,961.60. The trade was a 8.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 Chewy stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total transaction of $219,289.59. The disclosure for this sale is available in the SEC filing. Insiders have sold 95,675 shares of company stock worth $2,459,955 in the last three months. 0.34% of the stock is currently owned by corporate insiders.

More Chewy News

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Chewy posted Q1 net sales of $3.36 billion, up 7.7% year over year, and adjusted EPS of $0.43, topping estimates and reinforcing that the core business is still growing. Chewy Announces First Quarter 2026 Financial Results
• Positive Sentiment: Profitability improved, with gross margin rising to 30.1% and management signaling continued discipline on margins and free cash flow, which supports the long-term investment case. Chewy Inc (CHWY) Q1 2026 Earnings Call Highlights
• Positive Sentiment: Several analysts stayed bullish after the report, saying the results were better than feared and pointing to margin discipline and longer-term growth drivers such as veterinary services, clinics, health offerings, and AI initiatives. Chewy Maintains Buy Rating as Stronger‑Than‑Feared Results and Prudent Guidance Underscore Earnings Confidence
• Neutral Sentiment: Chewy is still expanding into higher-margin adjacent businesses, but those initiatives are early and not yet enough to offset near-term concerns about consumer pressure. CHWY Q1 Earnings Call Flags Softer Consumer Spending
• Negative Sentiment: Management trimmed full-year sales guidance, citing softer pet-related spending and a more cautious U.S. consumer, which is weighing on sentiment despite the earnings beat. Chewy Cuts FY Outlook Despite Higher Sales, Profit
• Negative Sentiment: The lowered revenue outlook and mixed analyst reaction suggest investors are worried growth may slow from here, especially after the stock’s sharp run-up in expectations ahead of earnings. Analyst Maintains Hold on Chewy Amid Macro Headwinds, Strategic Concerns, and Vet Services Expansion Upside

Institutional Trading of Chewy

Institutional investors have recently made changes to their positions in the company. Sivia Capital Partners LLC purchased a new stake in shares of Chewy during the 2nd quarter valued at approximately $457,000. Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in shares of Chewy during the 4th quarter valued at approximately $228,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Chewy during the 3rd quarter valued at approximately $227,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Chewy during the 3rd quarter valued at approximately $226,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Chewy during the 4th quarter valued at approximately $223,000. Hedge funds and other institutional investors 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.