Chewy (CHWY)


Market Price (10/15/2026): $20.75 | Market Cap: $8.4 BilSector: Consumer Discretionary | Industry: Other Specialty Retail

Chewy (CHWY)


Market Price (10/15/2026): $20.75
Market Cap: $8.4 Bil
Sector: Consumer Discretionary
Industry: Other Specialty Retail

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
FCF Yield is 7.1%

Stock buyback support
Stock Buyback 3Y Total is 1.6 Bil

Low stock price volatility
Vol 12M is 46%

Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, and E-commerce & DTC Adoption. Themes include Online Marketplaces, Direct-to-Consumer Brands (Staples), Show more.

Weak multi-year price returns
2Y Excs Rtn is -69%, 3Y Excs Rtn is -76%

Key risks
CHWY key risks include [1] intense competition from major retailers pressuring its thin margins, Show more.

0 Attractive yield
FCF Yield is 7.1%
1 Stock buyback support
Stock Buyback 3Y Total is 1.6 Bil
2 Low stock price volatility
Vol 12M is 46%
3 Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, and E-commerce & DTC Adoption. Themes include Online Marketplaces, Direct-to-Consumer Brands (Staples), Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -69%, 3Y Excs Rtn is -76%
5 Key risks
CHWY key risks include [1] intense competition from major retailers pressuring its thin margins, Show more.

CHWY in ETFs

Weight = CHWY's share of each fund

VTI0.01%
ITOT0.01%
IWB0.01%
IJH0.13%
VB0.06%
MDYG0.17%
IVOO0.16%
VBK0.15%
+16 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/14/2026

Chewy (CHWY) stock has gained about 5% since 6/30/2026 because of the following key factors:

1. Chewy surpassed expectations in its fiscal Q2 2026 earnings report and raised its full-year guidance.

On September 9, 2026, Chewy announced adjusted diluted earnings per share (EPS) of $0.36 for fiscal Q2 2026 (ended August 2, 2026), doubling the consensus analyst estimate of $0.18. Net sales reached $3.33 billion, a 7.3% increase year over year, slightly exceeding analyst estimates of $3.32 billion. The company also reported a 29.8% year-over-year increase in net income to $80.5 million and a 90 basis point improvement in adjusted EBITDA margin to 6.8%, reaching $226.7 million. Following these results, management raised its full-year fiscal 2026 net sales outlook to a range of $13.46 billion to $13.57 billion, implying 6.8% to 7.7% growth.

2. The company demonstrated resilient growth in its Autoship program and active customer base.

Chewy's Autoship program continued to be a strong driver, with sales increasing 9.3% year over year to $2.82 billion in fiscal Q2 2026, accounting for 84.6% of total net sales. This recurring revenue stream highlights strong customer loyalty. Additionally, the active customer base grew by 3.8% to 21.7 million during the same quarter, with net sales per active customer rising 1.9% to $602.

Show more
Updated on 10/14/2026

Chewy (CHWY) stock has gained about 5% since 6/30/2026 because of the following key factors:

1. Chewy surpassed expectations in its fiscal Q2 2026 earnings report and raised its full-year guidance.

On September 9, 2026, Chewy announced adjusted diluted earnings per share (EPS) of $0.36 for fiscal Q2 2026 (ended August 2, 2026), doubling the consensus analyst estimate of $0.18. Net sales reached $3.33 billion, a 7.3% increase year over year, slightly exceeding analyst estimates of $3.32 billion. The company also reported a 29.8% year-over-year increase in net income to $80.5 million and a 90 basis point improvement in adjusted EBITDA margin to 6.8%, reaching $226.7 million. Following these results, management raised its full-year fiscal 2026 net sales outlook to a range of $13.46 billion to $13.57 billion, implying 6.8% to 7.7% growth.

2. The company demonstrated resilient growth in its Autoship program and active customer base.

Chewy's Autoship program continued to be a strong driver, with sales increasing 9.3% year over year to $2.82 billion in fiscal Q2 2026, accounting for 84.6% of total net sales. This recurring revenue stream highlights strong customer loyalty. Additionally, the active customer base grew by 3.8% to 21.7 million during the same quarter, with net sales per active customer rising 1.9% to $602.

3. Strategic initiatives in AI and healthcare expansion contributed to investor confidence.

In July 2026, Chewy announced an expanded application of artificial intelligence (AI) and automation across its operations, including customer service, pharmacy, fulfillment, and marketing, expecting "low tens of millions of dollars" in efficiency benefits for fiscal 2026. The company is also actively expanding its veterinary health services, having launched clinics in 2024, with 60 clinics now operating and outperforming initial forecasts. Acquisitions, such as Modern Animal in April 2026, further contributed to net sales and led to the raised fiscal year 2026 revenue guidance.

4. Positive analyst sentiment and perceived undervaluation supported the stock's upward trend.

Analysts maintained a "Moderate Buy" consensus rating for Chewy, with an average price target of $30.45 based on recent targets ranging from $28 to $32. Several analyses suggested that Chewy's stock was undervalued, with one estimate indicating a 33.8% upside from the October 14, 2026 price of $20.83, based on its GF Value™. The stock's trailing P/E ratio of 31.9x was noted to be significantly lower than its 5-year median of 80.8x, suggesting a discount compared to its historical valuation.

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Stock Movement Drivers

Fundamental Drivers

The 6.0% change in CHWY stock from 6/30/2026 to 10/14/2026 was primarily driven by a 5.4% change in the company's Net Income Margin (%).
(LTM values as of)630202610142026Change
Stock Price ($)19.6520.836.0%
Change Contribution By: 
Total Revenues ($ Mil)12,84313,0691.8%
Net Income Margin (%)2.0%2.1%5.4%
P/E Multiple31.930.9-2.9%
Shares Outstanding (Mil)4144061.8%
Cumulative Contribution6.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/14/2026
ReturnCorrelation
CHWY6.0% 
Market (SPY)3.1%10.1%
Sector (XLY)-4.9%36.6%

Fundamental Drivers

The -22.9% change in CHWY stock from 3/31/2026 to 10/14/2026 was primarily driven by a -38.4% change in the company's P/E Multiple.
(LTM values as of)331202610142026Change
Stock Price ($)27.0020.83-22.9%
Change Contribution By: 
Total Revenues ($ Mil)12,60213,0693.7%
Net Income Margin (%)1.8%2.1%18.5%
P/E Multiple50.230.9-38.4%
Shares Outstanding (Mil)4144062.0%
Cumulative Contribution-22.9%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/14/2026
ReturnCorrelation
CHWY-22.9% 
Market (SPY)18.6%15.3%
Sector (XLY)2.5%34.9%

Fundamental Drivers

The -48.5% change in CHWY stock from 9/30/2025 to 10/14/2026 was primarily driven by a -72.1% change in the company's P/E Multiple.
(LTM values as of)930202510142026Change
Stock Price ($)40.4520.83-48.5%
Change Contribution By: 
Total Revenues ($ Mil)12,34513,0695.9%
Net Income Margin (%)1.2%2.1%71.1%
P/E Multiple110.930.9-72.1%
Shares Outstanding (Mil)4144061.9%
Cumulative Contribution-48.5%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/14/2026
ReturnCorrelation
CHWY-48.5% 
Market (SPY)16.5%20.0%
Sector (XLY)-6.4%27.5%

Fundamental Drivers

The 14.1% change in CHWY stock from 9/30/2023 to 10/14/2026 was primarily driven by a 335.2% change in the company's Net Income Margin (%).
(LTM values as of)930202310142026Change
Stock Price ($)18.2620.8314.1%
Change Contribution By: 
Total Revenues ($ Mil)10,83613,06920.6%
Net Income Margin (%)0.5%2.1%335.2%
P/E Multiple150.130.9-79.4%
Shares Outstanding (Mil)4294065.5%
Cumulative Contribution14.1%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/14/2026
ReturnCorrelation
CHWY14.1% 
Market (SPY)86.2%27.9%
Sector (XLY)41.7%31.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CHWY Return-34%-37%-36%42%-1%-40%-78%
Peers Return2%-36%12%27%-5%22%7%
S&P 500 Return27%-19%24%23%16%14%108%

Monthly Win Rates [3]
CHWY Win Rate42%33%33%50%42%30% 
Peers Win Rate55%32%55%50%45%56% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
CHWY Max Drawdown-56%-60%-66%-37%-34%-48% 
Peers Max Drawdown-27%-48%-41%-31%-37%-31% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: AMZN, EBAY, NSIT, WOOF, CHWY. See CHWY Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/14/2026 (YTD)

How Low Can It Go

EventCHWYS&P 500
2025 US Tariff Shock
  % Loss-17.0%-18.8%
  % Gain to Breakeven20.4%23.1%
  Time to Breakeven27 days79 days
2024 Yen Carry Trade Unwind
  % Loss-12.5%-7.8%
  % Gain to Breakeven14.3%8.5%
  Time to Breakeven7 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-50.3%-9.5%
  % Gain to Breakeven101.0%10.5%
  Time to Breakeven397 days24 days
2023 SVB Regional Banking Crisis
  % Loss-36.8%-6.7%
  % Gain to Breakeven58.3%7.1%
  Time to Breakeven733 days31 days
2020 COVID-19 Crash
  % Loss-22.3%-33.7%
  % Gain to Breakeven28.7%50.9%
  Time to Breakeven6 days140 days

Compare to AMZN, EBAY, NSIT, WOOF, CHWY

In The Past

Chewy's stock fell -17.0% during the 2025 US Tariff Shock. Such a loss loss requires a 20.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCHWYS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-50.3%-9.5%
  % Gain to Breakeven101.0%10.5%
  Time to Breakeven397 days24 days
2023 SVB Regional Banking Crisis
  % Loss-36.8%-6.7%
  % Gain to Breakeven58.3%7.1%
  Time to Breakeven733 days31 days
2020 COVID-19 Crash
  % Loss-22.3%-33.7%
  % Gain to Breakeven28.7%50.9%
  Time to Breakeven6 days140 days

Compare to AMZN, EBAY, NSIT, WOOF, CHWY

In The Past

Chewy's stock fell -17.0% during the 2025 US Tariff Shock. Such a loss loss requires a 20.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Chewy (CHWY)

Chewy, Inc. is a leading pure-play e-commerce business operating exclusively within the United States. The company specializes in selling pet-related products and services directly to consumers online, positioning itself as a comprehensive digital destination for pet owners.

The core offerings include a vast selection of pet food and treats, various pet supplies such as toys, beds, and litter, as well as essential pet medications and other health-related products. Chewy also provides certain pet services. It boasts an extensive catalog of approximately 100,000 products sourced from 3,000 different partner brands, catering to a wide range of pet needs.

Chewy's primary customers are owners of diverse pets, including dogs, cats, fish, birds, small pets, horses, and reptiles. These customers access the company's products and services through its main retail website, www.chewy.com, and its dedicated mobile applications, making it convenient for them to manage their pets' needs from anywhere in the U.S.

AI Analysis | Feedback

Amazon for pets.

The online equivalent of a Petco or PetSmart.

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  • Pet Food and Treats: Chewy sells a wide selection of food and treats tailored for various pet types.
  • Pet Supplies: The company offers essential accessories and non-food items for pet care.
  • Pet Medications: Chewy provides prescription and over-the-counter medications for pets.
  • Other Pet-Health Products: This category includes a range of non-medicinal items focused on pet wellness and health.
  • Pet Services: Chewy also offers various services to support pet owners and their animals.

AI Analysis | Feedback

Chewy (CHWY) sells primarily to individuals, specifically pet owners. Based on the company's offerings, its major customer categories include:

1. Owners of Dogs and Cats: This represents a significant portion of Chewy's customer base, as the company provides a wide array of products and services tailored for the most common household pets.

2. Owners of Other Small, Aquatic, and Exotic Pets: Chewy also caters to individuals owning a diverse range of less common pets, including fish, birds, small pets (like rodents or rabbits), horses, and reptiles, offering specialized food, supplies, and accessories for these animals.

3. Pet Parents Seeking Health & Wellness Products: A distinct category of customers who prioritize their pets' health and well-being, actively purchasing pet medications, health supplements, and utilizing pet-health services offered through Chewy's platform.

AI Analysis | Feedback

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AI Analysis | Feedback

Sumit Singh, Chief Executive Officer

Sumit Singh has served as the CEO of Chewy since March 2018 and has been a member of its board of directors since April 2019. Under his leadership, Chewy has achieved significant growth, including a successful initial public offering in 2019, which raised over $1 billion. Before joining Chewy, Singh held senior leadership positions at Amazon from 2013 to 2017, where he was the Director and General Manager for Amazon Fresh and Worldwide Director of Amazon's Consumables business. He also held various management positions at Dell Technologies Inc. from 2003 to 2013.

Chris Deppe, Chief Financial Officer

Chris Deppe was appointed Chief Financial Officer of Chewy, effective February 23, 2026. He joined Chewy in 2022 as Vice President of Supply Chain and Operations Finance, and most recently served as the Head of all Corporate and Commercial Finance functions. Prior to his time at Chewy, Deppe spent over 16 years in senior finance leadership roles at Amazon, focusing on global transportation, international logistics, and fulfillment operations, where he led large-scale cost optimization and strategic planning initiatives.

Satish Mehta, Chief Technology Officer

Satish Mehta has been the Chief Technology Officer at Chewy, Inc. since June 2018. In this role, he oversees all infrastructure technologies and leads the technology teams supporting Chewy's e-commerce platforms. With nearly 20 years of experience in big data engineering and data sciences, Mehta's background includes leadership positions such as Vice President of Data & Analytics Solutions at UnitedHealth Group, Vice President of Data & Analytics at Staples Inc., and various roles within the Data Platforms and Operations division at Yahoo!

Mark Eamer, Chief Marketing Officer

Mark Eamer is the Chief Marketing Officer at Chewy, responsible for the company's marketing strategies and initiatives. He joined Chewy in 2021. Before joining Chewy, Eamer held several high-profile roles at Amazon, including Vice President of Advertising Product & Media and Vice President of Prime Video, US Business, Marketing & Product.

Aseemita Malhotra, President of Healthcare

Aseemita Malhotra serves as the President of Healthcare at Chewy. No further specific background details are available from the provided search results.

AI Analysis | Feedback

The key risks to Chewy's business are:

  1. Intense Competition and Price Pressure: Chewy operates in a highly competitive e-commerce pet supply market, facing significant rivalry from major general retailers like Amazon and Walmart, as well as specialized pet retailers such as Petco and PetSmart. This intense competition often leads to price wars, which can limit Chewy's ability to raise prices, put pressure on its profit margins, and necessitate continuous innovation and substantial marketing efforts to maintain market share and acquire new customers.
  2. Macroeconomic Headwinds and Impact on Consumer Spending: Economic uncertainties, including recessionary environments and inflationary pressures, pose a significant risk to Chewy. Such conditions can lead consumers to reduce discretionary spending on premium pet products and services, or seek lower-cost alternatives. This could result in slower revenue growth, impact Chewy's profitability targets, and potentially reduce the stickiness of its crucial Autoship subscription program.
  3. Supply Chain, Logistics, and Operational Efficiency Challenges: As an e-commerce company that ships physical goods, including heavy and low-margin products like pet food, Chewy's business model is highly dependent on efficient and cost-effective supply chain management, inventory control, and logistics. Disruptions in the supply chain, increasing shipping costs, or inefficiencies in its fulfillment operations can significantly impact the company's gross margins, overall profitability, and ability to deliver products to customers reliably.

AI Analysis | Feedback

The emergence of comprehensive, integrated pet care platforms led by major veterinary service providers or animal health companies. These platforms could bundle veterinary services (in-person and telehealth), health monitoring, pet insurance, and direct-to-consumer product delivery (prescription medications, specialized diets, and general supplies) through a single digital interface. By leveraging their direct access to pet health data, professional trust, and ability to offer highly personalized and bundled solutions, such platforms could significantly divert pet owner spending away from pure-play e-commerce retailers like Chewy.

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The addressable markets for Chewy's main products and services in the United States are as follows:
  • Pet Food and Treats: The U.S. pet food and treats market was an estimated $65.8 billion in 2024 and is projected to reach $67.8 billion in 2025. Other estimates place the U.S. pet food market size at approximately USD 43.45 billion in 2024, with a projected compound annual growth rate (CAGR) of 4.3% from 2025 to 2030.
  • Pet Medications: The U.S. pet medication market was valued at USD 13.21 billion in 2023 and is projected to reach USD 17.90 billion by 2029, growing at a CAGR of 5.19%. This market was estimated at $12.6 billion in 2024.
  • Pet Supplies and Other Pet-Health Products: The "Supplies, Live Animals & OTC Medicine" category in the U.S., which includes pet supplies and over-the-counter pet-health products, was $33.3 billion in 2024 and is projected to be $34.3 billion in 2025. The broader U.S. Pet Products market (excluding food) is estimated at $26.85 billion in 2025 and is expected to grow to $30.09 billion by 2032. Within pet care products, "Pet Healthcare & Supplements" is a segment expected to grow at a CAGR of 7.85%.
  • Pet Services: The U.S. market for "Other Services," which encompasses boarding, grooming, insurance, training, pet sitting, and pet walking (excluding veterinary care), was $13.0 billion in 2024 and is projected to reach $13.5 billion in 2025. The U.S. pet services market accounted for USD 33.8 billion in revenue in 2024. Separately, the U.S. pet grooming services market was valued at USD 2.06 billion in 2024 and is projected to reach USD 2.99 billion by 2030.

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Expected Drivers of Future Revenue Growth for Chewy (CHWY)

Chewy (CHWY) is anticipated to drive future revenue growth over the next 2-3 years through several key strategic initiatives:

  1. Growth in Active Customers and Autoship Program: Chewy continues to focus on expanding its active customer base and increasing the penetration of its Autoship subscription service. The Autoship program is a significant contributor to predictable recurring revenue, and its consistent growth, which has surpassed 80% of net sales, is expected to enhance customer retention and order frequency.
  2. Expansion into Pet Health and Services: The company is actively diversifying its offerings beyond traditional e-commerce into the pet health sector. This includes the establishment and expansion of Chewy Vet Care clinics, the "Connect with a Vet" telehealth service, medication compounding through its pharmacy, and comprehensive insurance and wellness offerings under the CarePlus suite. These services aim to deepen customer engagement, facilitate cross-selling, and provide new channels for customer acquisition.
  3. Development and Growth of Private Brands and Differentiated Products: Chewy is investing in and launching its own private-label brands and unique, higher-margin products to cater to evolving consumer preferences. An example of this strategy is the introduction of "Get Real," a line of minimally processed fresh dog food, which capitalizes on the growing demand for premium pet nutrition and expands Chewy's assortment of differentiated products.
  4. Chewy+ Paid Membership Program: The full rollout and continued expansion of the Chewy+ paid membership program are expected to contribute to revenue growth. This program is designed to enhance customer loyalty, provide additional value to subscribers, and potentially increase net sales per active customer.
  5. International Expansion: Chewy has initiated its first international expansion, beginning with Canada, which presents an opportunity to tap into new markets and significantly increase its total addressable market (TAM). The company plans to take a gradual and responsible approach to expand its international footprint beyond this initial launch.

AI Analysis | Feedback

Share Repurchases

  • Chewy announced a $500 million share repurchase program on May 24, 2024.
  • On June 26, 2024, Chewy repurchased approximately $500 million of Class A common stock from BC Partners, its largest shareholder.
  • Annual share buybacks for Chewy were $942.848 million in 2025.

Share Issuance

  • Chewy's shares outstanding saw a 0.24% decline in 2025 to 0.431 billion from 0.432 billion in 2024.
  • Shares outstanding increased by 1% in 2024 to 0.432 billion from 0.428 billion in 2023.

Capital Expenditures

  • Chewy's capital expenditures averaged $168.3 million for the fiscal years ending January 2021 to 2025.
  • Capital expenditures peaked at $230.3 million in January 2023.
  • The company's capital expenditures were $143.8 million in January 2025 and $143.3 million in 2024, with forecasts for $162.6 million in 2026, $199 million in 2027, and $218.1 million in 2028.
  • Chewy has made investments in areas such as health and wellness and veterinary clinics.

Better Bets vs. Chewy (CHWY)

Peer Outperformance in Other Specialty Retail

CHWY has outperformed 56% of its 16 Other Specialty Retail peers over 5Y. Among the peers that beat it is ULTA. Other Specialty Retail ranks 22nd of 23 industries in Consumer Discretionary by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Other Specialty Retail constituents that CHWY has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
17%
of 18 industry peers · -48.9% return
3Y
89%
of 18 industry peers · 15.9% return
5Y
56%
of 16 industry peers · -68.6% return
Other Specialty Retail peers with revenue growth within 4pp of CHWY's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
CHWY Chewy 6.5% 29.3x -48.9%15.9%-68.6% —
ULTA Ulta Beauty 6.5% 20.6x 6.6%52.6%46.5% +115pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Consumer Discretionary sector, ranked by 5Y. Other Specialty Retail is CHWY's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Education Services 14 -17.3%83.1%86.7% CVSA 263% · PRDO 237% · LRN 146%
Homebuilding 18 -4.7%32.5%46.0% GRBK 183% · PHM 145% · TOL 140%
Specialty Stores 7 9.7%37.8%17.7% ASO 40% · DKS 29% · FIVE 18%
Hotels, Resorts & Cruise Lines 21 9.7%36.6%13.7% RCL 236% · MAR 151% · LIND 142%
Home Furnishings 3 -4.3%47.1%1.4% SGI 50% · MHK -34%
Home Improvement Retail 5 -20.3%2.4%-2.0% HD -1% · LOW -2% · FND -62%
Footwear 9 69.5%49.8%-11.3% DECK 45% · SHOO 19% · CROX -11%
Automotive Retail 18 -15.4%3.5%-11.4% MUSA 229% · PAG 119% · ORLY 111%
Specialized Consumer Services 10 -12.0%15.0%-14.3% HRB 110% · FTDR 86% · SCI 38%
Distributors 4 -8.8%-26.5%-15.4% ARMK 116% · GPC 22% · LKQ -52%
Restaurants 36 -8.9%-8.2%-18.5% EAT 321% · CAKE 188% · TXRH 100%
Apparel Retail 26 0.5%17.4%-39.9% ANF 303% · TJX 140% · ROST 124%
Leisure Facilities 12 6.5%-8.0%-40.7% OSW 130% · LTH 128% · PLNT -40%
Household Appliances 18 3.3%1.7%-40.7%
Computer & Electronics Retail 3 15.4%46.5%-40.8% BBY 0% · GME -41%
Leisure Products 14 -17.8%-16.9%-44.8% GOLF 84% · HAS 33% · MAT -12%
Automotive Parts & Equipment 39 -7.6%-20.0%-46.5% MOD 1343% · GTX 258% · BWA 57%
Broadline Retail 14 -5.4%25.5%-48.5% EBAY 70% · AMZN 57% · OLLI 39%
Casinos & Gaming 20 -7.9%-23.6%-49.4% MCRI 95% · RRR 15% · BYD 10%
Apparel, Accessories & Luxury Goods 29 2.1%18.9%-49.5% RL 254% · TPR 241% · KTB 67%
Consumer Electronics 11 -22.5%-25.3%-76.5% GRMN 98% · SONO -44%
Other Specialty Retail ← 17 -31.9%-37.6%-78.3% ULTA 46% · TSCO -5% · BBWI -68%
Automobile Manufacturers 8 -73.1%-54.8%-79.0% GM 52% · TSLA 39% · F 6%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CHWYAMZNEBAYNSITWOOFMedian
NameChewy Amazon.c.eBay Insight .Petco He. 
Mkt Price20.75250.35116.76166.042.34116.76
Mkt Cap8.42,696.052.05.00.78.4
Rev LTM13,069775,68012,0088,5805,96512,008
Op Inc LTM32893,7122,464433133433
FCF LTM568-11,6252,428397238397
FCF 3Y Avg43016,7321,78742689430
CFO LTM717161,4033,036423374717
CFO 3Y Avg571130,1642,283463235571

Growth & Margins

CHWYAMZNEBAYNSITWOOFMedian
NameChewy Amazon.c.eBay Insight .Petco He. 
Rev Chg LTM5.9%15.8%14.7%2.7%-1.3%5.9%
Rev Chg 3Y Avg6.5%13.0%6.7%-3.9%-1.1%6.5%
Rev Chg Q7.3%19.6%14.8%14.7%0.0%14.7%
QoQ Delta Rev Chg LTM1.8%4.4%3.5%3.7%0.0%3.5%
Op Inc Chg LTM102.0%23.0%10.6%27.3%65.3%27.3%
Op Inc Chg 3Y Avg140.8%90.0%4.0%5.7%130.6%90.0%
Op Mgn LTM2.5%12.1%20.5%5.1%2.2%5.1%
Op Mgn 3Y Avg1.5%10.8%20.6%4.8%1.1%4.8%
QoQ Delta Op Mgn LTM0.1%0.6%1.0%0.4%0.1%0.4%
CFO/Rev LTM5.5%20.8%25.3%4.9%6.3%6.3%
CFO/Rev 3Y Avg4.6%18.9%20.7%5.3%3.9%5.3%
FCF/Rev LTM4.3%-1.5%20.2%4.6%4.0%4.3%
FCF/Rev 3Y Avg3.5%2.8%16.2%4.8%1.5%3.5%

Valuation

CHWYAMZNEBAYNSITWOOFMedian
NameChewy Amazon.c.eBay Insight .Petco He. 
Mkt Cap8.42,696.052.05.00.78.4
P/S0.63.54.30.60.10.6
P/Op Inc25.728.821.111.55.021.1
P/EBIT23.015.119.012.75.215.1
P/E30.819.923.423.722.123.4
P/CFO11.816.717.111.81.811.8
Total Yield3.2%4.9%5.3%4.2%4.5%4.5%
Dividend Yield0.0%0.0%1.0%0.0%0.0%0.0%
FCF Yield 3Y Avg4.2%0.9%4.4%8.6%11.7%4.4%
D/E0.10.10.10.34.20.1
Net D/E0.10.00.10.33.80.1

Returns

CHWYAMZNEBAYNSITWOOFMedian
NameChewy Amazon.c.eBay Insight .Petco He. 
1M Rtn-2.8%-1.3%7.1%2.6%-3.7%-1.3%
3M Rtn-2.2%-1.8%3.9%44.8%-9.7%-1.8%
6M Rtn-23.6%0.7%17.4%121.0%-19.3%0.7%
12M Rtn-45.8%15.7%29.9%54.2%-34.1%15.7%
3Y Rtn22.1%92.9%193.6%12.6%-25.9%22.1%
1M Excs Rtn-5.0%-2.1%5.2%0.4%-4.6%-2.1%
3M Excs Rtn-7.2%-3.4%2.0%39.9%-15.9%-3.4%
6M Excs Rtn-34.8%-10.3%6.3%109.8%-30.3%-10.3%
12M Excs Rtn-63.4%-3.3%15.0%38.2%-49.5%-3.3%
3Y Excs Rtn-66.7%16.3%103.1%-65.8%-110.8%-65.8%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20262025202420232022
Sale of pet products and services12,60211,86111,14810,119 
Consumables    6,102
Hardgoods    1,306
Other    1,559
Total12,60211,86111,14810,1198,967


Net Income by Segment
$ Mil2026202520242023
Sale of pet products and services2233934050
Total2233934050


Price Behavior

Price Behavior
Market Price$20.83 
Market Cap ($ Bil)8.5 
First Trading Date06/14/2019 
Distance from 52W High-45.6% 
   50 Days200 Days
DMA Price$21.34$23.96
DMA Trenddowndown
Distance from DMA-2.4%-13.0%
 3M1YR
Volatility47.7%46.3%
Downside Capture155.62131.60
Upside Capture71.5726.41
Correlation (S&P 500)11.0%22.2%
CHWY Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta0.300.840.720.730.770.97
Up Beta-1.241.83-0.380.410.850.86
Down Beta-1.04-2.050.841.061.000.90
Up Capture-51%10%82%16%9%85%
Bmk +ve Days6162766132424
Stock +ve Days5152957114380
Down Capture312%219%137%146%116%105%
Bmk -ve Days16263760120328
Stock -ve Days17273569138369

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CHWY
CHWY-46.1%46.3%-1.19-
Sector ETF (XLY)-4.1%19.1%-0.3528.5%
Equity (SPY)17.1%12.7%0.9621.1%
Gold (GLD)-0.6%29.4%-0.026.0%
Commodities (DBC)49.3%20.7%1.82-19.3%
Real Estate (VNQ)5.7%13.7%0.1520.4%
Bitcoin (BTCUSD)-27.9%43.7%-0.6312.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CHWY
CHWY-20.3%60.8%-0.14-
Sector ETF (XLY)5.1%24.1%0.1748.8%
Equity (SPY)13.6%17.1%0.6043.1%
Gold (GLD)17.9%18.9%0.766.3%
Commodities (DBC)10.0%19.5%0.390.4%
Real Estate (VNQ)1.2%18.8%-0.0532.6%
Bitcoin (BTCUSD)8.5%51.8%0.3425.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CHWY
CHWY-5.1%60.7%0.13-
Sector ETF (XLY)12.0%22.2%0.4941.6%
Equity (SPY)15.4%17.9%0.7336.0%
Gold (GLD)12.0%16.4%0.608.4%
Commodities (DBC)8.2%18.1%0.372.6%
Real Estate (VNQ)4.8%20.7%0.1925.7%
Bitcoin (BTCUSD)63.5%66.2%1.0319.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9302026
Short Interest: Shares Quantity30.6 Mil
Short Interest: % Change Since 915202633.3%
Average Daily Volume10.7 Mil
Days-to-Cover Short Interest2.9 days
Basic Shares Quantity406.4 Mil
Short % of Basic Shares7.5%

Earnings Returns History

Updated 10/12/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/9/2026-10.8%-8.9%-21.7%
6/10/2026-2.1%-7.5%2.4%
3/25/202613.3%15.1%9.4%
12/10/20251.5%-4.3%-7.7%
9/10/2025-16.6%-9.3%-9.1%
6/11/2025-11.0%-9.3%-17.4%
3/26/2025-1.1%-0.4%7.2%
12/4/2024-0.4%-6.7%7.0%
...
SUMMARY STATS   
# Positive8812
# Negative161612
Median Positive12.2%15.1%8.3%
Median Negative-8.1%-7.9%-14.9%
Max Positive27.1%31.5%71.8%
Max Negative-16.6%-13.7%-36.7%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/9/2026-10.8%-8.9%-21.7%
6/10/2026-2.1%-7.5%2.4%
3/25/202613.3%15.1%9.4%
12/10/20251.5%-4.3%-7.7%
9/10/2025-16.6%-9.3%-9.1%
6/11/2025-11.0%-9.3%-17.4%
3/26/2025-1.1%-0.4%7.2%
12/4/2024-0.4%-6.7%7.0%
8/28/202411.1%5.0%14.6%
5/29/202427.1%31.5%71.8%
3/20/2024-10.3%-11.8%-9.0%
12/6/2023-0.6%5.7%6.9%
8/30/2023-12.3%-13.7%-33.2%
5/31/202321.6%24.6%33.8%
3/22/2023-7.5%-1.2%-13.0%
12/8/20224.0%-2.5%-2.3%
8/30/2022-8.2%-8.4%-16.9%
6/1/202224.2%23.4%58.3%
3/29/2022-16.1%-13.3%-36.7%
12/9/2021-8.1%-5.2%-11.3%
9/1/2021-9.3%-12.4%-22.9%
6/10/2021-5.8%-2.1%6.3%
3/30/20215.4%1.8%1.3%
12/8/2020-4.5%15.1%22.4%
SUMMARY STATS   
# Positive8812
# Negative161612
Median Positive12.2%15.1%8.3%
Median Negative-8.1%-7.9%-14.9%
Max Positive27.1%31.5%71.8%
Max Negative-16.6%-13.7%-36.7%

SEC Filings

Expand for More
Report DateFiling DateFiling
07/31/202609/09/202610-Q
04/30/202606/10/202610-Q
01/31/202603/25/202610-K
10/31/202512/10/202510-Q
07/31/202509/10/202510-Q
04/30/202506/11/202510-Q
01/31/202503/26/202510-K
10/31/202412/04/202410-Q
07/31/202408/28/202410-Q
04/30/202405/29/202410-Q
01/31/202403/20/202410-K
10/31/202312/06/202310-Q
07/31/202308/30/202310-Q
04/30/202305/31/202310-Q
01/31/202303/22/202310-K
10/31/202212/08/202210-Q
Collapse to Preview
Report DateFiling DateFiling
07/31/202609/09/202610-Q
04/30/202606/10/202610-Q
01/31/202603/25/202610-K
10/31/202512/10/202510-Q
07/31/202509/10/202510-Q
04/30/202506/11/202510-Q
01/31/202503/26/202510-K
10/31/202412/04/202410-Q
07/31/202408/28/202410-Q
04/30/202405/29/202410-Q
01/31/202403/20/202410-K
10/31/202312/06/202310-Q
07/31/202308/30/202310-Q
04/30/202305/31/202310-Q
01/31/202303/22/202310-K
10/31/202212/08/202210-Q
07/31/202208/30/202210-Q
04/30/202206/01/202210-Q
01/31/202203/29/202210-K
10/31/202112/09/202110-Q
07/31/202109/01/202110-Q
04/30/202106/10/202110-Q
01/31/202103/30/202110-K
10/31/202012/08/202010-Q
07/31/202009/10/202010-Q
04/30/202006/09/202010-Q
01/31/202004/02/202010-K
10/31/201912/09/201910-Q

Insider Activity

Updated 9/3/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Singh, SumitChief Executive OfficerDirectSell804202623.0143,244995,04420,401,356Form
2Singh, SumitChief Executive OfficerSpouseSell804202623.016,233143,4212,885,546Form
3Hu, Da-WaiGeneral Counsel & SecretaryDirectSell630202619.494,203  Form
4Singh, SumitChief Executive OfficerDirectSell505202625.6083,3062,132,63422,375,962Form
5Singh, SumitChief Executive OfficerSpouseSell505202625.604,220108,0323,173,248Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Singh, SumitChief Executive OfficerDirectSell804202623.0143,244995,04420,401,356Form
2Singh, SumitChief Executive OfficerSpouseSell804202623.016,233143,4212,885,546Form
3Hu, Da-WaiGeneral Counsel & SecretaryDirectSell630202619.494,203  Form
4Singh, SumitChief Executive OfficerDirectSell505202625.6083,3062,132,63422,375,962Form
5Singh, SumitChief Executive OfficerSpouseSell505202625.604,220108,0323,173,248Form
6Hu, Da-WaiGeneral Counsel & SecretaryDirectSell406202626.918,149  Form
7Deppe, Christopher SChief Financial OfficerDirectSell303202626.873,04381,76542,078Form
8Mehta, SatishChief Technology OfficerDirectSell203202628.9913,013377,2477,938,477Form
9Mehta, SatishChief Technology OfficerDirectSell1204202533.538,872297,4787,701,908Form
10Mehta, SatishChief Technology OfficerDirectSell1204202533.736,056204,2968,048,151Form
11Singh, SumitChief Executive OfficerDirectSell1204202533.7340,7891,375,99221,022,772Form
12Singh, SumitChief Executive OfficerSpouseSell1204202533.7363921,5562,587,766Form
13Mehta, SatishChief Technology OfficerDirectSell1105202532.654,642151,5617,499,770Form
14Billings, William GChief Accounting OfficerDirectSell1105202532.721,12136,6771,015,733Form
15Mehta, SatishChief Technology OfficerDirectSell1105202532.723,288107,5777,667,290Form
16Singh, SumitChief Executive OfficerDirectSell1105202532.7216,289532,94518,433,639Form
17Singh, SumitChief Executive OfficerSpouseSell1105202532.722,28974,8922,479,279Form
18Argos, Holdings GP Llc See footnotesSell1014202537.6513,280,212  Form
19Mehta, SatishChief Technology OfficerDirectSell917202534.6946,7651,622,2787,968,362Form

Investor Activity (13F)

Updated Oct 15, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Torque Asset Management LLC$8.8 Mil3.5%12Hold13F
Hook Mill Capital Partners, LP$35.5 Mil3.1%39New13F
Senvest Management, LLC$11.1 Mil0.4%49New13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Hook Mill Capital Partners, LP$35.5 Mil3.1%39New13F
Senvest Management, LLC$11.1 Mil0.4%49New13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Hook Mill Capital Partners, LP$35.5 Mil3.1%39New13F
Senvest Management, LLC$11.1 Mil0.4%49New13F
Torque Asset Management LLC$8.8 Mil3.5%12Hold13F
Core Cache Last Updated: 10/14/2026