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Earnings transcript
Read the complete earnings call transcript.
CHWY
Chewy, Inc.
$19.93
-0.47
(-2.3%)
| Exchange: | NYSE |
| Market Cap: | 8.253B |
| Shares Outstanding: | 395.712M |
Delayed data
About The Company
| Sector: | Consumer Cyclical | |||||
| Industry: | Specialty Retail | |||||
| CEO: | Ryan Cohen | |||||
| Full Time Employees: | 18000 | |||||
| Address: |
| |||||
| Website: | https://www.chewy.com |
Chewy, Inc., along with its affiliated entities, functions exclusively as an online retail enterprise within the United States. Through its primary website, chewy.com, and its mobile applications, the company provides a comprehensive range of products and services tailored for nearly every type of domestic companion, including canines, felines, aquatic pets, birds, small mammals, horses, and even reptiles. Customers can procure everything from essential pet food and treats to necessary supplies, prescribed medications, and other health and wellness items. This extensive inventory includes roughly 100,000 unique products supplied by approximately 3,000 different partner brands. Chewy was established in 2010 and maintains its corporate headquarters in Dania Beach, Florida.
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Revenue Segmentation
EPS
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Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 11,147,720 | 11,861,335 | 12,601,500 |
| Gross Profit | 3,161,518 | 3,467,704 | 3,753,900 |
| EBITDA | 161,505 | 271,769 | 397,200 |
| Operating Income | -23,625 | 112,587 | 254,300 |
| Net Income | 39,580 | 392,738 | 222,800 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 3,186,851 | 3,014,527 | 3,366.400 |
| Total Liabilities | 2,676,607 | 2,753,068 | 2,868.500 |
| Total Stockholders Equity | 510,244 | 261,459 | 497.900 |
| Total Debt | 527,795 | 502,404 | 518.700 |
| Cash and Cash Equivalents | 602,232 | 595,765 | 860.100 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 486,211 | 596,325 | 691.600 |
| Capital Expenditure | -143,282 | -143,831 | -129.199 |
| Free Cash Flow | 342,929 | 452,494 | 562.400 |
| Net Income | 39,580 | 392,738 | 222.800 |
| Net Change in Cash | 270,591 | -6,467 | 264.300 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2031 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 17,876,376.871 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 18,675,952.311 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 18,318,100 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 1,220,634.819 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 1,275,231.431 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 1,250,796.559 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 785,720.225 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 831,749.205 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 811,149.001 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 4,987,708.956 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 5,210,799.441 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 5,110,954.647 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 1.910 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 1.950 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 1.850 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 9 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 4 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Growth: Chewy reported Q3 2025 net sales of $3.12 billion, reflecting an 8% year-over-year increase as per the earnings call transcript. This consistent top-line growth demonstrates the company’s ability to expand its market presence in the pet care industry.
- Operational Efficiency: The earnings call highlighted improved gross margins and profitability, driven by strategic initiatives. Key metrics such as gross profit margin (TTM) and net profit margin (TTM) indicate a strong ability to manage costs relative to revenue.
- Strong Customer Engagement: The Q3 2025 earnings call emphasized successful customer retention and engagement strategies, contributing to sustained sales growth. This focus on customer loyalty is a critical competitive advantage in a subscription-driven business model.
- Positive Cash Flow Metrics: Analysis of cash flow statements shows healthy net cash provided by operating activities and positive free cash flow (TTM), indicating financial stability and the capacity to fund growth initiatives without excessive reliance on external financing.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates CHWY intrinsic value between $15.45 – $58.37 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about CHWY valuation
Is Chewy, Inc. (CHWY) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Chewy, Inc. (CHWY) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is CHWY a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether CHWY trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is CHWY’s P/E ratio?
You can see CHWY’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for CHWY?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is CHWY a good long-term investment?
Whether CHWY fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
CHWY
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Daily snapshot
-2.3
Trading Metrics:
| Open: | 20.12 | Previous Close: | 20.4 | |
| Day Low: | 19.08 | Day High: | 21 | |
| Year Low: | 19.08 | Year High: | 43.84 | |
| Price Avg 50: | 24.08 | Price Avg 200: | 30.72 | |
| Volume: | 9.022M | Average Volume: | 8.435M |
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Login — it's freeCHWY full analysis
Welcome to MARKETSNAP’s SWOT analysis for Chewy, the online pet retail giant that most of you probably already know for its massive presence in the pet care space. Today, we’re diving deep into what makes Chewy tick, breaking down its strengths, weaknesses, opportunities, and threats, all while keeping an eye on what this means for you as a long-term investor. So, grab a coffee, let’s unpack this together, and see if Chewy’s got the bite to match its bark in…
