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Chewy’s Q2 sales missed estimates while EPS matched; it raised FY2026 revenue and margin forecasts, though shares fell and analysts cut targets.
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Chewy stock fell 11% despite meeting Q2 earnings expectations and raising full-year guidance, as management signaled weak consumer demand for premium pet products and add-on purchases. The company's growth has slowed significantly from its pandemic-era boom, and it now resembles a mature consumer staples business rather than a high-growth disruptor. The analyst recommends avoiding the stock until it demonstrates faster organic growth.
RBC Capital analyst Steven Shemesh maintains Chewy (NYSE:CHWY) with a Outperform and lowers the price target from $34 to $31.
TD Cowen analyst William Kerr maintains Chewy (NYSE:CHWY) with a Buy and lowers the price target from $34 to $32.
Analysts cut targets for AAPL, CHWY, COO, TYRA and CNM; raised DLR, DPZ, SIG, while ratings stayed unchanged.