Chewy (NYSE:CHWY) Updates Q1 2026 Earnings Guidance

Chewy (NYSE:CHWY) issued an update on its first quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.400-0.450 for the period, compared to the consensus earnings per share estimate of 0.340. The company issued revenue guidance of $3.3 billion-$3.4 billion, compared to the consensus revenue estimate of $3.4 billion. Chewy also updated its FY 2026 guidance to EPS.

Chewy Price Performance

Shares of CHWY stock traded down $0.42 on Thursday, hitting $26.04. The company’s stock had a trading volume of 2,852,553 shares, compared to its average volume of 8,306,964. The stock has a market capitalization of $10.85 billion, a price-to-earnings ratio of 50.24, a P/E/G ratio of 1.66 and a beta of 1.61. Chewy has a fifty-two week low of $22.74 and a fifty-two week high of $48.62. The firm’s fifty day moving average price is $26.03 and its 200-day moving average price is $31.54.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, March 25th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.19). The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.26 billion. Chewy had a return on equity of 53.48% and a net margin of 1.77%.The firm’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. Analysts predict that Chewy will post 0.24 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Chewy from $46.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, March 26th. Needham & Company LLC reissued a “hold” rating on shares of Chewy in a research report on Thursday, December 11th. Barclays decreased their price objective on shares of Chewy from $52.00 to $48.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. TD Cowen upped their price objective on shares of Chewy from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Finally, Wolfe Research set a $44.00 price objective on shares of Chewy in a research note on Monday, January 5th. Eighteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.91.

Insider Activity

In related news, General Counsel Da-Wai Hu sold 8,149 shares of Chewy stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $26.91, for a total transaction of $219,289.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Satish Mehta sold 13,013 shares of Chewy stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $28.99, for a total transaction of $377,246.87. Following the sale, the chief technology officer directly owned 273,835 shares of the company’s stock, valued at $7,938,476.65. The trade was a 4.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.43% of the company’s stock.

Key Headlines Impacting Chewy

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Q1 2026 guidance raised — Chewy gave Q1 EPS guidance of $0.40–$0.45 versus the consensus $0.34, and revenue guidance roughly flat at ~$3.3–$3.4B, signaling better-than-expected near-term profitability.
• Positive Sentiment: FY 2026 revenue guidance above Street — management set FY revenue of $13.6–$13.8B versus a $13.0B consensus, implying revenue acceleration for the year.
• Positive Sentiment: Acquisition expands high‑margin Vet Care business — Chewy agreed to buy Modern Animal (adds ~29 clinics, 24/7 virtual care and memberships), accelerating its integrated pet‑healthcare strategy and adding an estimated ~$125M of revenue; this should help margin mix and customer retention over time. Article Title
• Positive Sentiment: Share buyback increased — the board approved a $500M expansion of repurchase authorization, a direct capital‑return move that can support EPS and shareholders over time. Article Title
• Neutral Sentiment: Analyst reactions mixed — some firms (e.g., William Blair) remain bullish, citing the vet expansion and buybacks, while others (Mizuho) call the Modern Animal deal “somewhat mixed,” highlighting integration risk vs. strategic upside. Article Title
• Negative Sentiment: FY EPS left unspecified — while revenue guidance was lifted, management did not provide FY EPS guidance in the release, leaving earnings visibility and margin assumptions uncertain for investors.
• Negative Sentiment: Insider selling — a reported sale of 8,149 shares by an insider may be viewed negatively by some investors. Article Title

Hedge Funds Weigh In On Chewy

Several hedge funds and other institutional investors have recently made changes to their positions in CHWY. Wellington Management Group LLP increased its position in Chewy by 295.9% during the 3rd quarter. Wellington Management Group LLP now owns 17,622,768 shares of the company’s stock worth $712,841,000 after purchasing an additional 13,171,325 shares in the last quarter. Viking Global Investors LP increased its position in Chewy by 146.9% in the 4th quarter. Viking Global Investors LP now owns 13,536,645 shares of the company’s stock valued at $447,386,000 after acquiring an additional 8,052,955 shares during the period. AQR Capital Management LLC increased its position in Chewy by 120.2% in the 3rd quarter. AQR Capital Management LLC now owns 10,196,146 shares of the company’s stock valued at $407,948,000 after acquiring an additional 5,564,803 shares during the period. State Street Corp increased its position in Chewy by 75.5% in the 2nd quarter. State Street Corp now owns 6,170,197 shares of the company’s stock valued at $262,974,000 after acquiring an additional 2,654,496 shares during the period. Finally, Morgan Stanley increased its position in Chewy by 33.8% in the 4th quarter. Morgan Stanley now owns 7,660,258 shares of the company’s stock valued at $253,172,000 after acquiring an additional 1,937,014 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.

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.