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CHWY
ChewyNYSEConsumer DiscretionaryInternet RetailSnapshot 2026-06-12
Intact
$19.31+2.88%
Close 2026-06-12 · 1-day change
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
The bottom line
Recent financial performance is strong, and earnings quality is robust, cash backs up reported profits. Management's recent track record has been fairly steady, but the capital stance is capital unfriendly, and risk is elevated. The sector backdrop is a headwind, which may impact performance compared with sector peers, where it is typical. Peer multiples imply a price about 13% above where it trades (it looks cheap on this basis); the read is fair, quality intact. This assessment is provisional.
as of 2026-06-12
Quick facts
- Exchange
- NYSE
- Sector
- Consumer Discretionary
- Industry
- Internet Retail
- Market cap
- $7.68B
- Employees
- 18,000
- IPO date
- 2019-04-29
- Next earnings
- —
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 7 valuation methods, at three horizons. Current price $19.31. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryfair
$22.05consensus
Range $14.78 – $27.65
vs price: -12% below
Method agreement — · 7 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearinexpensive
$55.78consensus
Range $49.39 – $69.72
vs price: -65% below
Method agreement — · 4 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearinexpensive
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Durable premiumlow confidence
At $19 the market pays 21× p/e — above the 16× p/e peer median but in line with its own 29× history. That premium reflects a durable franchise our peer-anchored $22 fair value understates; treat the 'expensive vs peers' read with low confidence. Analysts: $23–$47. Not investment advice.
Multiple (P/E)
21.0x
peer 15.8x · own history 28.8x
Premium
1.3x peer
0.7x its own history
Growth the price needs
-10%
our forecast 6%
Our fair value
$21.56
range $14.78 – $27.35
Analyst range(a guide on our number, not a target)Our number is below the analyst range
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
fairfair — quality intact12-month view
What's priced inJustified
The price implies about 10% below a flat-multiple fair value, below our forecast of about 6%. This describes what's priced in, not a forecast of the move.
Low fragilityrisk posture, not a price call
No fragility gates fired.
Historical context
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
strongOperating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Consumer Discretionary names rated strong grew net income 70% of the time over the next year (vs 53% for the rest of the cohort, n=2844).
95th pctl · Consumer Discretionary
Earnings quality
robustOver the trailing year it converted 2.80x of net income into operating cash flow. Historically, Consumer Discretionary names rated robust grew net income 65% of the time over the next year (vs 49% for the rest of the cohort, n=2427).
74th pctl · Consumer Discretionary
Macro sensitivity
Most sensitive to the broad stock market.
- the broad stock market: This stock moves with the broad market (high beta).
Not enough signal to read sensitivity to the US dollar, Fed net liquidity, real (inflation-adjusted) rates, long-term interest rates.
Management & capital allocation
Earnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Neutral14 PT revisions / 30d, avg 63.5% above currentfor period ending 2026-07-31
Why this setup
Consensus revisions
EPS estimate $0.00 → $0.40. 1 raised, 5 cut, 15 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d, 13 maintained. 80% of analysts rate Buy.
Price target activity
14 PT revisions / 30d. Avg target 63.5% above current price.
Material events
0 positive, 0 negative / 30d.
Sector context
Intermediate · WeeklySector phase: consumer discretionary is in declining (~0.2 years in phase).
Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: strong
- Capital allocation
- strong
- Earnings discipline
- neutral
- Margin discipline
- strong
- Balance sheet
- neutral
- Post-call reaction
- weak
A guidance track record builds as the company issues and delivers on guidance.
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$207.
How much price usually moves either way.
On a bad day, this stock has moved -$432.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $5,678.
Deepest peak-to-trough drop in the last year.
elevatedas of 2026-06-12
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-06-12
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- UpsideMedium confidenceQuartersactive 14d
Watch for net income growth in Q2
Why it matters: Steady net income growth shows Chewy can make profits. This builds investor trust.
What confirms / what disproves
Confirms:Net income grows above $40M in Q2.
Disproves:Net income falls below $40M in Q2.
Management priorities
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
- 2026-06-1220h agoYahoo! Finance
Threatens: Achieve consistent net income growth
Profit concerns may hinder net income growth objective.
ChallengesUnconfirmed report
This sector is also watching
- Watch for consumer revenue growth dropping below median
- Watch for changes in unemployment claims on June 4
- Watch for retail sales data on June 17
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If sector bellwethers like AMZN, BABA, and PDD keep beating earnings and guiding higher, the Consumer Discretionary sector momentum should keep lifting CHWY and other Consumer Discretionary names. Worth watching these names for early signals.
- If CHWY raises forward guidance on the next earnings call (currently NEW as of 2026-03-25), that's a momentum boost. Street estimates typically follow guidance up and the stock tends to re-rate higher.
Downside triggers
- If CHWY cuts guidance on the next call (currently NEW as of 2026-03-25), that's a meaningful negative. The Street tends to walk down estimates and the stock usually takes a leg lower.
- If sector bellwethers like AMZN, BABA, and PDD start missing or guiding lower, the Consumer Discretionary tailwind helping CHWY and other Consumer Discretionary names could fade. Watch these names for early warning.
- If GDP growth slows materially from the current 2.6% (say, below 2%), it hits CHWY and other Consumer Discretionary names harder than the average stock, since the sector is growth-sensitive.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-06-103d agoItem 2.02
Results of Operations and Financial Condition. On June 10, 2026, Chewy, Inc. (the “Company”) announced its financial results for the first quarter of fiscal year 2026 ended May 3, 2026, by issuing a press release. The Company previously announced that it would be holding a conference call on June 10, 2026, at 8 a.m. Eastern Time to discuss its financial results for the first quarter of fiscal year 2026 ended May 3, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current…
Earnings preannouncement—
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
-7.7 vs last weeklatest as of 2026-06-13
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.