Chewy set up for solid 2Q after June guidance cut
Raymond James says Chewy’s June guidance cut, citing consumer headwinds, “appropriately de-risked expectations,” and positions the company for solid second-quarter results, potentially in-line to better than expected.
After Chewy cut its guidance in June, citing consumer headwinds, the company is set up for a solid second quarter, Raymond James analysts write in a note.
The guidance cut "appropriately de-risked expectations," they write. "We see CHWY's F2Q26 results coming in in-line to better than expected cons…