Chewy Analysts Boost Their Forecasts Following Upbeat Q3 Earnings

Benzinga12-12

Chewy Inc. (NYSE:CHWY) on Wednesday better-than-expected earnings for the third quarter.

The company reported a third-quarter 2025 adjusted earnings of 32 cents per share, beating the consensus of 13 cents and within the management guidance of 28-33 cents. The retailer of pet supplies reported sales of $3.117 billion, up 8.3% year over year, compared to the consensus of $3.099 billion and the management guidance of $3.07 billion-$3.1 billion.

"Chewy continues to outperform the pet category and expand market share, with profits once again growing faster than sales," said Sumit Singh, CEO of Chewy.

Chewy expects fourth-quarter adjusted earnings of 24-27 cents per share versus the consensus of 12 cents. The pet product retailer forecasts fourth-quarter sales of $3.24 billion-$3.26 billion compared to the consensus of $3.272 billion.

Chewy raises its fiscal 2025 sales guidance from $12.50 billion-$12.60 billion to $12.58 billion-$12.60 billion compared to the consensus of $12.67 billion, with adjusted EBITDA margin expected to be 5.6%-5.7% (versus prior 5.4%-5.7%).

Chewy shares fell 2.15% to trade at $34.47 on Thursday.

These analysts made changes to their price targets on Chewy following earnings announcement.

  • Barclays analyst Trevor Young maintained Chewy with an Overweight rating and raised the price target from $47 to $52.
  • Goldman Sachs analyst Alexandra Steiger maintained the stock with a Buy and raised the price target from $44 to $52.

Considering buying CHWY stock? Here’s what analysts think:

Read This Next:

  • Top 3 Utilities Stocks That May Rocket Higher In Q4

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment