Chewy Just Popped. Is the Pet Stock a Buy Now?
2026-03-25 22:20:00 ET
Shares of Chewy (NYSE: CHWY) , the leading pet products retailer, were soaring on Wednesday after the company delivered a better-than-expected outlook for 2026, although the growth in the fourth quarter was modest.
Adjusted for the extra week in the quarter a year ago, revenue rose 8.1% to $3.26 billion, which matched estimates. Margins improved with gross margin up 90 basis points to 29.4%, and adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) rose from $124.5 million to $162.3 million.
Chewy was also profitable on a generally accepted accounting principles ( GAAP ) basis in the quarter, and it reported an adjusted per-share profit of $0.27, which was down from $0.28 in the quarter a year ago, but that includes an extra week. The analyst consensus was $0.28 as well.
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