Chewy Reports Q3 Net Sales Exceeding $3.1 Billion with Profit Growth
Written by Emily J. Thompson, Senior Investment Analyst
Source: Businesswire
Updated: 2 hour ago0mins
- Strong Sales Performance: Chewy's Q3 net sales reached $3.116 billion, an 8.3% increase year-over-year, demonstrating the company's robust performance in the pet product market and further solidifying its market share.
- Significant Profit Growth: The net income surged to $59.2 million from $3.9 million in the same quarter last year, reflecting the company's success in cost control and operational efficiency, which enhances investor confidence.
- Robust Free Cash Flow: The third quarter free cash flow was $175.8 million, a 15.8% increase from the previous year, indicating ongoing improvements in cash generation capabilities that support future investments and expansion.
- Expanding Customer Base: Active customer count reached 21.15 million, a 4.9% increase year-over-year, showcasing Chewy's effective strategies in attracting and retaining customers, which further drives sales growth.
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Analyst Views on CHWY
Wall Street analysts forecast CHWY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CHWY is 46.06 USD with a low forecast of 34.00 USD and a high forecast of 54.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
23 Analyst Rating
17 Buy
6 Hold
0 Sell
Moderate Buy
Current: 34.840
Low
34.00
Averages
46.06
High
54.00
Current: 34.840
Low
34.00
Averages
46.06
High
54.00
TD Cowen
Buy
downgrade
$48 -> $47
2025-12-04
Reason
TD Cowen
Price Target
$48 -> $47
2025-12-04
downgrade
Buy
Reason
TD Cowen lowered the firm's price target on Chewy to $47 from $48 and keeps a Buy rating on the shares ahead of the Q3 report on December 10. The firm expects Chewy to report solid results.
UBS
Michael Lasser
Neutral
downgrade
$43 -> $41
2025-12-03
Reason
UBS
Michael Lasser
Price Target
$43 -> $41
2025-12-03
downgrade
Neutral
Reason
UBS analyst Michael Lasser lowered the firm's price target on Chewy to $41 from $43 and keeps a Neutral rating on the shares.
BofA
downgrade
2025-12-02
Reason
BofA
Price Target
2025-12-02
downgrade
Reason
BofA analysts removed both Chewy (CHWY) and Chevron (CVX) from the firm's "US 1 List," which represents a collection of its best investment ideas.
Citi
Buy
downgrade
$48 -> $42
2025-11-24
Reason
Citi
Price Target
$48 -> $42
2025-11-24
downgrade
Buy
Reason
Citi lowered the firm's price target on Chewy to $42 from $48 and keeps a Buy rating on the shares ahead of the Q3 report on December 10. The firm sees low investor expectations into earnings and thinks Chewy remains a market share gainer in pet retail. The company needs a beat to regain share momentum, the analyst tells investors in a research note.
See All Ratings
About CHWY
Chewy, Inc. is an e-commerce business geared toward pet products and services. The Company’s products consist of pet food and treats, pet supplies and pet medications, other pet-health products, and pet services. It serves its customers through its retail websites, and its mobile applications and focuses on delivering customer service, competitive prices, convenience, including Chewy’s Autoship subscription program, and a range of pet food, treats and supplies, and pet healthcare products and services. It partners with approximately 3,200 of the brands in the pet industry, and it creates and offers its own private brands. It owns a number of trademark registrations and applications in the United States and in foreign jurisdictions. These trademarks include American Journey, Blue Box Event, Careplus, Chewy, Chewy.com, Chewy Vet Care, Dr. Lyon’s, Frisco, Goody Box, Onguard, PetMD, PracticeHub, Tiny Tiger, True Acre Farms, Tylee’s, Vibeful, and The Zoo.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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