Carillon Eagle Mid Cap Growth Fund reported that Chewy underperformed in the second quarter of 2026 as macroeconomic headwinds pressured results. Higher gas prices and lower consumer confidence led the online pet retailer to slightly reduce its revenue forecast. The fund noted that Chewy continues to gain new customers profitably, although the current backdrop is weighing on customers' willingness to purchase premium products. Chewy shares closed at $22.82 on July 30, 2026, with a one-month return of 6.71% and a 52-week loss of 38.04%, giving the company a market capitalization of $9.34 billion.
Chewy IncHigher gas prices and lower consumer confidence reduced demand for premium products, leading to a slight revenue forecast cut.