Chewy (CHWY) Stock Hits $20.40 in 2026 — Eyes Q1 Earnings After Strong Sales Growth

Quick overview

Chewy (CHWY) stock has somewhat managed to control its losses and is showing a slight increase today. However, in overall terms, this stock is still significantly down from its all-time high of $47. At the time of writing this article, the stock is trading at $20.40 and is showing an increase of more than 1 percent.

However, the stock has not seen much movement on the day as Chewy is going to release its first quarter earnings report before the market opens on 10 June 2026. Thereby, people are expecting that earnings per share will be $0.39 to $0.43 and sales around 3.35 billion dollars. Therefore, investors are waiting for this report and are somewhat cautious because this earnings report can have a big impact on the stock. For example, if good results come then the price of this stock may increase, otherwise weak numbers will have a negative impact on this stock.

Chewy Strong Yearly Sales Growth

Throughout the past year, Chewy Inc. has shown quite strong results, such as their total sales being $12.6 billion, which is 6-8 percent higher compared to before. In addition, this company also made a very good profit during the whole past year, and their Autoship service generated the most revenue, making up around 80 percent of the total revenue, because this company has very loyal customers who use the Autoship service every month, which keeps their business stable in the market.

Chewy Growing Pet Health Business

In addition to this, Chewy is also acquiring vet clinics and expanding its pet health services, which is another very strong factor behind this company’s rapid growth. This service makes the company much stronger in the future and provides long-term growth.

However, on the other hand, the company’s boss Sumit Singh said that many customers are under financial pressure due to inflation. People do buy essential items like pet food and medicine, but they spend less on extra toys or fun items, which can be considered a negative thing for this company and the overall market.

Chewy Stock Pressure and Earnings Watch

Apart from this, there are many other things that also affect this stock, such as the overall inflation rate being high in the country, due to which customers are not able to spend freely. In addition to this, competition from other big companies is also something that affects this stock to some extent. Along with this, there is also overall weakness in the market at this time, which is also preventing this stock from rising strongly.

As today their earnings report is going to be released, investors are expecting good news, and after the report the stock may move sharply.

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Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.