Chewy is trading 6.49% down now at $21.76 after its September 9, 2026, fiscal second-quarter results showed in-line adjusted EPS and cautious forward guidance.
- Revenue was $3.33 billion, slightly above the $3.32 billion estimate; adjusted EPS was $0.36, matching consensus.
- Investors appear disappointed by the lack of a larger upside surprise after recent gains.
- Cautious consumer commentary and a broader risk-off market also weighed on sentiment, but earnings were the clearest catalyst.