On August 27, Chewy, Inc. fell 5.18% in regular trading, trading at $23.405 per share, with turnover of approximately $69.58 million.

The decline was triggered by RBC Capital Markets' Q2 earnings preview report published August 26, which projected quarterly net sales growth of 6.8%, representing a modest quarter-on-quarter slowdown as website traffic data and peer readouts point to a continued muted pet category. RBC expects approximately 175,000 net customer additions, resulting in about 21.67 million active customers, slightly below the consensus estimate of 21.75 million. Full-year guidance is expected to remain unchanged at 6.5% to 7.5% net sales growth, already reduced from the prior 8% to 9% range following a Q1 guidance cut due to softer consumer spending.

Separately, Rosenblatt Securities recently initiated coverage with a Neutral rating and a mean analyst price target of $31.09, reinforcing investor concerns about limited near-term upside. Chewy is scheduled to report Q2 results on September 9.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)