Chewy, Inc. (CHWY) reported strong first-quarter results but lowered its fiscal 2026 sales outlook. Analysts maintain ratings and lower price targets.

Analysts expect CHWY to report Q1 earnings of 28 cents per share, down from 35 cents last year. It has a history of beating revenue estimates.

Chewy tops Q1 expectations on profit and revenue, yet lowers full-year sales guidance amid softer consumer spending.