Core Viewpoint - Chewy Inc is expected to report strong growth in the pet care sector with its upcoming third-quarter financial results, highlighting revenue and customer growth potential [1]. Financial Performance - Analysts estimate Chewy's third-quarter revenue to be $3.10 billion, an increase from $2.88 billion in the same quarter last year, marking a growth of approximately 7.6% [2]. - The expected earnings per share (EPS) for the third quarter is 12 cents, down from 20 cents per share in the previous year [3]. - Chewy has consistently beaten revenue estimates in three consecutive quarters and in seven of the last ten quarters [2]. Analyst Insights - JPMorgan analyst Doug Anmuth anticipates strong third-quarter results and full-year guidance, maintaining an Overweight rating with a price target of $45 [4]. - Anmuth projects Chewy will add over 160,000 active customers in the third quarter and 718,000 for the full fiscal year [4]. - Bank of America Research highlights the pet care sector as a recent e-commerce winner, suggesting continued demand could benefit Chewy [6]. Customer Metrics - Key areas to monitor include customer additions and the performance of Autoship customers, which saw a 14.9% year-over-year increase in sales to $2.58 billion, representing over 80% of Chewy's total sales [7]. - The company previously raised its full-year sales guidance after the second quarter, and further increases are anticipated [9]. Market Sentiment - Chewy's stock has faced downward pressure, trading down 1.01% at $34.27, with a year-to-date increase of 2.6% [9]. - Recent analyst ratings include a Neutral rating from UBS with a lowered price target of $41, a Buy rating from Citigroup with a target of $42, and an Outperform rating from Mizuho with a target of $50 [8].