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Chewy (CHWY) shares were down over 4% in Friday trading after JPMorgan downgraded the stock to neutral from overweight and cut its price target to $24 from $29.Trading volume stood at more than 6.7 million shares, compared with a daily average of about 8.5 million.Price: $20.21, Change: $-0.88, Percent Change: -4.15%
Chewy (CHWY) has an average rating of overweight and mean price target of $28.32, according to analysts polled by FactSet.
Chewy's (CHWY) market share gains and long-term opportunities from acquisitions are encouraging trends, but the forward catalyst path remains limited due to current category dynamics, RBC Capital Markets said in a research report emailed Thursday.For Q3, the brokerage said it now expects net sales growth of 7% compared with 6.8% earlier. For 2026 and 2027, it expects sales growth of 7.7% and 7.3%, respectively, revised from 6.9% and 7.4% earlier.The company's slightly higher revised fiscal 2026 guidance and Q3 EPS forecast of $0.39 eliminated the downside scenario baked into its earlier guidance, as H1 trends provided evidence that deterioration in the operating environment is unlikely, analysts wrote.While Q3 gross margin rate could decline sequentially, the company expects modest year-over-year leverage during the quarter and in Q4, driven by sponsored ads and mix premiumization, according to RBC.Management reaffirmed its artificial intelligence-related cost savings in the low-tens of millions in 2026, rising to around $50 million annualized in fiscal 2027, amid the deployment of its AI-powered chat assistant for customers and agent-enabled tools for team productivity, according to the note.The brokerage reiterated its outperform rating on the stock and lowered its price target to $31 per share from $34.Price: $21.02, Change: $+0.27, Percent Change: +1.30%
Chewy (CHWY) has an average rating of overweight and mean price target of $31.09, according to analysts polled by FactSet.
Consumer stocks were lower late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) each falling 1.1%.Redbook US same-store sales rose by 8.3% from a year earlier in the week ended Sept. 5 after a 9.6% year-over-year increase in the previous week. Redbook noted positive customer responses to Labor Day promotions. Sales were driven mainly by back-to-school demand and seasonal apparel. There were high sales for food items in discount stores ahead of long holiday weekend.In corporate news, Casey's General Stores (CASY) shares fell past 14% after its fiscal Q1 same-store sales growth slowed and missed Wall Street estimates, even though earnings and revenue topped expectations.Fox (FOX) is facing expanded antitrust scrutiny from the US Department of Justice over its $22 billion acquisition of streaming platform Roku (ROKU), Semafor reported. Fox shares were down 1.5%, and Roku shed 1.5%.Chewy's (CHWY) fiscal Q2 results largely matched Wall Street's expectations even as the online pet store company faced pressure within the consumables and hard goods categories. Its shares were down 10%.Signet Jewelers (SIG) lifted its full-year earnings outlook on Wednesday as the diamond jewelry retailer's bottom line exceeded market expectations in fiscal Q2 amid comparable sales strength across all fine jewelry brands. Its shares jumped 21%.
Consumer stocks were lower Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) dropping 1.3%.Redbook US same-store sales rose by 8.3% from a year earlier in the week ended Sept. 5 after a 9.6% year-over-year increase in the previous week. Redbook noted positive customer responses to Labor Day promotions. Sales were driven mainly by back-to-school demand and seasonal apparel. There were high sales for food items in discount stores ahead of long holiday weekend.In corporate news, Casey's General Stores (CASY) shares fell past 15% after its fiscal Q1 same-store sales growth slowed and missed Wall Street estimates, even though earnings and revenue topped expectations.Chewy's (CHWY) fiscal Q2 results largely matched Wall Street's expectations even as the online pet store company faced pressure within the consumables and hard goods categories. Its shares were down 8.5%.Signet Jewelers (SIG) lifted its full-year earnings outlook on Wednesday as the diamond jewelry retailer's bottom line exceeded market expectations in fiscal Q2 amid comparable sales strength across all fine jewelry brands. Its shares jumped 19%.
All three major US stock indexes were down in late-morning trading Wednesday, as oil prices climbed, stoking investor fears of rising inflation and a potential corresponding rise in interest rates.The US Treasury Department said Wednesday it will buy back up to $6 billion of longer-dated government debt, triple the amount initially communicated to market participants, according to media reports.In company news, Meta Platforms (META) has launched a new personal artificial intelligence agent called Muse AI, which can send emails, book travel plans, take on goals and continue working after users close the app. Meta shares were up 6.3% around midday.Dow (DOW) is considering plans to exit its $20 billion chemicals joint venture with Saudi Aramco, Bloomberg reported Wednesday, citing people familiar with the matter. Dow held a 35% stake in the venture, known as Sadara Chemical, as of last year, with Aramco holding the remainder, the report said. Saudi Aramco could acquire Dow's stake, or other strategic or financial investors could place bids for it, the report said, citing the people. Dow shares were down 1.2%.Chewy (CHWY) reported fiscal Q2 adjusted earnings Wednesday of $0.36 per diluted share, up from $0.33 a year earlier and matching the FactSet consensus analyst estimate. Fiscal Q2 net sales were $3.33 billion, up from $310 billion a year ago and above the FactSet consensus of $3.32 billion. An unidentified Chewy executive said on an earnings call with analysts that the company reset its expectations to reflect more cautious consumers earlier this year, and it is "not assuming a meaningful consumer recovery for the balance of this fiscal year," according to a FactSet transcript of the call. Chewy shares were down 9%.Apple (AAPL) is expected to unveil its first foldable phone, potentially called the iPhone Ultra, as well as the iPhone 18 Pro and Pro Max at 1 pm on Wednesday at an event, multiple media outlets reported. Separately, Apple, Alphabet (GOOG, GOOGL) and other major technology platforms will be required to stop children from taking, sharing or viewing nude images on their phones and tablets under proposed UK legislation, said Lisa Nandy, UK secretary of state for digital, culture, media and sport, Tuesday in a speech to Parliament. Apple shares were down 1.3%, while Alphabet's Class C and Class A shares were down 2.6% and 2.7%, respectively.UnitedHealth Group (UNH) sold an interest in some of its Optum Health operations in Florida to TPG (TPG), Bloomberg reported Wednesday. UnitedHealth shares were down 2.5%, while TPG shares were down 3.4%.Price: $652.46, Change: $+38.98, Percent Change: +6.35%
Chewy's (CHWY) fiscal second-quarter results largely matched Wall Street's expectations even as the online pet store company faced pressure within the consumables and hard goods categories.Adjusted per-share earnings for the quarter ended Aug. 2 rose to $0.36 from $0.33 a year earlier, in line with the FactSet-polled consensus estimate. Sales rose 7.3% to $3.33 billion, while analysts expected $3.32 billion."Pressure on premiumization and discretionary spending materialized broadly in line with our expectations during the quarter affecting both the consumables and hard goods categories," Chief Financial Officer Chris Deppe said during an earnings conference call, according to a FactSet transcript. "In the second quarter, treat sales growth slowed more sharply than growth in core food, reflecting moderation in discretionary purchases and the broader macroeconomic pressures we have been describing."Shares of Chewy slid 7.7% in Wednesday trading. The stock has slid 35% so far this year.The company raised full-year sales guidance to a range of $13.46 billion to $13.57 billion from its previous $13.40 billion to $13.55 billion outlook. Analysts are looking for $13.48 billion.The company now expects core profitability margin between 6.7% to 6.8%, lifting the lower end of the range from 6.6%.For the ongoing quarter, Chewy is projecting sales of $3.323 billion to $3.358 billion, indicating 6.6% to 7.7% growth year over year. The Street expects $3.328 billion."The durability of our recurring revenue base, continued customer growth, and disciplined execution give us confidence to raise our full-year revenue and profitability outlook, while continuing to invest in compelling opportunities that deepen customer engagement and create long-term shareholder value," Chief Executive Sumit Singh said in a statement.Late last month, RBC Capital Markets expected Chewy's second-quarter results to demonstrate consistent market share gains. The brokerage had projected a 6.8% year-over-year sales gain and expected the company to affirm its full-year guidance, according to an Aug. 26 note."We continue to gain share, grow our recurring customer base and expand profitability through structural improvements across the organization," Deppe told analysts Wednesday. "Our updated outlook reflects increased visibility into the balance of the year and continued confidence in our ability to deliver profitable growth."Active customers improved 3.8% annually to 21.71 million in the second quarter.Last week, Chewy rival Petco Health & Wellness (WOOF) posted stronger-than-expected second-quarter earnings even as sales held steady, as analysts had projected. Last month, Freshpet (FRPT) delivered a second-quarter beat and raised its full-year outlook.Price: $21.20, Change: $-2.07, Percent Change: -8.90%
Consumer stocks were falling pre-bell Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declining 0.9%.Signet Jewelers (SIG) shares were up more than 13% after the company posted higher fiscal Q2 adjusted earnings and raised its fiscal 2027 non-GAAP EPS guidance.Booking (BKNG) lost its legal battle against the European Union's antitrust veto of the company's acquisition of Etraveli Group, with the Luxembourg-based General Court saying the deal is "incompatible with the internal market and the EEA agreement." The company's stock was down more than 2% premarket.Chewy (CHWY) shares were down more than 4% even after the company reported higher fiscal Q2 adjusted earnings and net sales.
US equity futures were tracking in the red on Wednesday while oil prices rose as the US and Iran exchanged a fresh round of strikes.The S&P 500 declined 0.3%, the Dow Jones Industrial Average decreased 0.4%, and the Nasdaq was off 0.5% in premarket activity. The indexes finished Tuesday trading lower for the second consecutive session.The US Central Command said Tuesday its forces destroyed five Iranian crude oil carriers in response to Tehran firing ballistic missiles at a US navy warship. Iran retaliated by launching a barrage of ballistic missiles at a base used by US forces in Jordan, according to several media reports.CENTCOM previously said it struck three Iranian oil tankers over the weekend.West Texas Intermediate crude oil rose 2.3% to $95.13 a barrel, while Brent gained 2.6% to $100.48.President Donald Trump signed five proclamations on Tuesday to ban imports of certain Canadian goods, including some motor vehicles, alcohol and dairy products, effective Sept. 29. In July, the US imposed tariffs of 50% on these products from Canada.Treasury yields were trending upwards, with the two-year rate rising 2.1 basis points to 4.42% and the 10-year rate adding 0.4 basis points to 4.81%.Traders await two key inflation reports later in the week, with data on wholesale prices for August due on Thursday, while the consumer price index for the same month is scheduled to be released on Friday. The reports are expected to serve as crucial data points for the Federal Reserve, which begins its two-day policy meeting next week.Markets are pricing in a 60% probability that the central bank will raise the benchmark lending rate by 25 basis points, with the remaining odds pointing to another Fed pause, according to the CME FedWatch tool.US consumers had mixed views on the inflation trajectory in August, seeing prices hold steady in the short- and long-term but expecting a drop over the next three years, a survey by the Federal Reserve Bank of New York showed Tuesday.Wednesday's thin economic calendar has the weekly mortgage applications bulletin at 7 am ET.SailPoint (SAIL), Chewy (CHWY), Core & Main (CNM), Signet Jewelers (SIG) and Academy Sports and Outdoors (ASO) are set to release their latest financial results before the bell, among others. Cooper Companies (COO), AeroVironment (AVAV) and American Eagle Outfitters (AEO) post their earnings after the markets close.Shares of Casey's General Stores (CASY) dropped 8.9% pre-bell as the convenience store operator's fiscal first-quarter same-store sales growth decelerated year over year.Gold edged down to $4,438 per troy ounce, while bitcoin traded up 0.9% at $79,091.
Chewy's (CHWY) upcoming fiscal Q2 financial results are expected to test the credibility of management's outlook for H2, UBS Securities said in a Tuesday note.The company is scheduled to report its fiscal Q2 financial results on Sept. 9.Analysts said Chewy is gaining market share, expanding its EBITDA margin, and investing in initiatives that will likely support durable growth.Weaker premiumization and attach rates, which have constrained spending in recent months, could limit Chewy's sales growth to the mid-single-digit range, even in a relatively resilient category, according to the note.Analysts said that in the company's Q2 results, investors will be on the lookout for evidence that recent sales moderation is reflective of cautious spending rather than weaker demand.UBS retained a neutral rating and a $24 price target on the stock.Chewy shares were up 1.7% in Wednesday trading.Price: $24.12, Change: $+0.40, Percent Change: +1.69%
Chewy (CHWY) is poised to demonstrate consistent market share gains and reaffirm its full-year guidance during the company's upcoming Q2 results, RBC Capital Markets said Wednesday.RBC said it expects quarterly net sales growth of 6.8% compared with consensus of 6.9%, representing a "modest" quarter-on-quarter slowdown as website traffic data and peer readouts point to a continued muted pet category.RBC expects about 175,000 net additions quarter-on-quarter, resulting in about 21.67 million active customers versus consensus of about 21.75 million.For the full year, the management is expected to leave the guidance unchanged, RBC said. Chewy currently expects 2026 net sales growth in the range of 6.5% to 7.5% compared with the company's prior range of 8% to 9%, according to the note.Chewy is scheduled to report its Q2 earnings on Sept. 9.RBC maintained the company's outperform rating with a $34 price target.Price: $24.28, Change: $-0.41, Percent Change: -1.66%
Chewy (CHWY) Q1 results showed continued market share gains and margin expansion, but also highlighted growing pressure from a weaker consumer environment, UBS said in a note emailed Thursday."The company's model is not fully immune from the macro," UBS said, adding that Chewy appears to be prioritizing profitability over growth by reducing some lower return promotions.The company lowered its fiscal 2026 sales guidance to $13.40 billion to $13.55 billion from $13.60 billion to $13.75 billion, while maintaining its adjusted earnings before interest, taxes, depreciation, and amortization margin outlook of 6.6% to 6.8%, the firm noted.UBS said the revised forecast reflects a more cautious view of consumer spending and pet industry demand.UBS maintained its neutral rating on Chewy and cut its price target to $24 from $32.Price: $18.85, Change: $-1.13, Percent Change: -5.66%
Chewy (CHWY) faces a more muted growth outlook, with softer consumer trends and revised guidance limiting its near-term catalyst path, RBC Capital Markets said in a Thursday note.The analysts cut their Q2 2026 net sales growth estimate to 6.8% from 8.4%, in line with Chewy's revised guidance of 6% to 7%, while maintaining its adjusted earnings before interest, taxes, depreciation and amortization estimate, citing operating leverage from cost discipline and productivity gains.The investment firm also reduced its 2026 and 2027 revenue and EBITDA estimates, citing softer demand trends, pressure on premiumization, lower expected active customer growth, and modest cost headwinds from fuel and recent acquisitions.Despite the softer outlook, the firm pointed to continued margin discipline and efficiency gains, saying Chewy's operating improvements and technology investments are helping offset pressure from a weaker consumer and category environment, the report added.RBC has an outperform rating on the stock and lowered its price target to $34 from $47.Shares of Chewy were down more than 5% in Thursday trading.Price: $18.97, Change: $-1.02, Percent Change: -5.08%
Chewy (CHWY) cut its fiscal 2026 revenue guidance due to a weak pet spending backdrop and maintained its fiscal 2026 EBITDA margin guidance, while the main debate is whether the cut was "enough" for estimates to trough, Morgan Stanley said Wednesday in a note.On an organic basis, revenue guidance was cut by about 215 basis points to 5.1% to 6.3%, from 7.3% to 8.5%. Although the cut was larger than Morgan Stanley and the buyside had anticipated, the brokerage is cautiously optimistic that Chewy has reset expectations enough that further cuts can be avoided, according to the note.The investment firm said it sees material upside on a 12-month time horizon, but shares may take some time to re-rate. The fiscal 2026 guidance is a major step in the right direction, but is not completely de-risked if the macro continues to deteriorate, it added.The risk/reward remains sharply skewed and it presents a compelling entry point for long-term investors, even if the near-term remains murky, the brokerage said.The firm trimmed revenue estimates by 1% each for fiscal 2026 and 2027.Morgan Stanley kept an overweight rating on Chewy and lowered the price target to $42 from $43.Shares of Chewy were down more than 4.7% in Thursday trading.Price: $19.05, Change: $-0.93, Percent Change: -4.65%
Chewy (CHWY) has an average rating of overweight and mean price target of $31.09, according to analysts polled by FactSet.Price: $18.80, Change: $-1.19, Percent Change: -5.95%
Chewy (CHWY) has an average rating of overweight and mean price target of $31.91, according to analysts polled by FactSet.
Consumer stocks were mixed late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 2%.In corporate news, Cracker Barrel Old Country Store (CBRL) shares surged 25%. The company reported fiscal Q3 adjusted earnings late Tuesday of $0.29 per diluted share, down from $0.58 a year earlier. Analysts polled by FactSet expected a per-share loss of $0.48. Wells Fargo upgraded the company to overweight from equalweight, and lifted its price target to $50 from $35.Chewy (CHWY) lowered its full-year sales outlook on Wednesday even though the online pet store company's fiscal Q1 revenue topped market estimates. Its shares fell 2.3%.Casey's General Stores (CASY) shares jumped past 18% after the convenience store operator recorded better-than-expected fiscal Q4 results.Cava (CAVA) is well-positioned for continued same-store sales growth in the long term amid multiple drivers despite a challenging macroeconomic environment, UBS Securities said. UBS upgraded its rating on the company's stock to buy from neutral and raised its price target to $90 from $85. Cava shares climbed 5.4%.
Chewy (CHWY) has an average rating of overweight and mean price target of $40.10, according to analysts polled by FactSet.Price: $20.11, Change: $-0.29, Percent Change: -1.45%
Consumer stocks were mixed Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 1.7%.In corporate news, Casey's General Stores (CASY) shares jumped past 15% after the convenience store operator recorded better-than-expected fiscal Q4 results.Chewy (CHWY) lowered its full-year sales outlook on Wednesday even though the online pet store company's fiscal Q1 revenue topped market estimates. Its shares fell 1.9%.Ford Motor's (F) top aluminum supplier, Novelis, will restart its aluminum-rolling plant in upstate New York on Wednesday, nine months after a fire caused a supply shock for the auto industry, The Wall Street Journal reported, citing the plant's owner. Ford shares were down 3.9%.
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