TD Cowen has reiterated its Buy rating and $39 price target on Chewy ahead of the company's Q4 2025 earnings report. The firm expects Chewy to deliver $3.27 billion in revenue, a 0.7% increase year-over-year, driven by more active customers and higher sales per customer. Gross margin is projected to improve to 29.3%, supported by advertising revenue and first-party brand growth. Despite a slight EBITDA miss versus consensus, TD Cowen views Chewy's valuation as attractive given its strong projected EBITDA growth and resilience amid economic pressures. Chewy is set to report results on March 25 before market open.
Chewy reported a 7.7% year-over-year net sales increase in Q1, generating $71 million in free cash flow and achieving record profitability. The company added nearly 200,000 net customers despite facing consumer headwinds. While Chewy's guidance antic...
Chewy's stock was upgraded from Hold to Buy following a 40% decline and compressed earnings multiples. Despite some earnings estimate misses, Chewy has shown consistent revenue and profit growth. The pet products market remains strong, supporting con...
