Is Chewy Stock a Buy as Revenue and Margins Continue to Grow?

Chewy reported strong Q1 2026 results with 7.7% revenue growth to $3.36 billion and 23% EPS growth, while expanding margins. However, the company slightly lowered full-year guidance due to a cautious consumer environment. Despite the stock being down 40% year-to-date, the analyst views it as a buying opportunity given its resilient autoship-driven business model, margin expansion, and attractive 13x forward P/E valuation.