Core Viewpoint - Chewy Inc's shares are experiencing a significant rally following a stronger-than-expected fourth quarter performance and positive fiscal guidance for 2026 [1] Group 1: Q4 Results - Chewy reported fourth-quarter revenue of $3.265 billion, reflecting an 8% year-over-year increase when adjusted for the extra week in the previous year, surpassing management's guidance and Wall Street expectations [2] - Adjusted EBITDA improved to $162 million, achieving a 5% margin, which is a 120-basis-point improvement from the previous year [3] Group 2: Customer Growth - The company added 172,000 net new active customers during the quarter, exceeding analyst expectations, indicating strong customer trends and effective execution in its core business [4] Group 3: Fiscal 2026 Guidance - Chewy's fiscal 2026 outlook projects revenue between $13.6 billion and $13.75 billion, implying growth of 8% to 9%, with the midpoint reflecting solid growth expectations [5] - The company anticipates adjusted EBITDA margins of 6.6% to 6.8%, indicating meaningful margin expansion and slightly exceeding JPMorgan's expectations [6] Group 4: Analyst Expectations - Analysts are looking for further details on demand trends in the pet category, drivers of customer and revenue growth heading into 2026, margin expansion strategies amid rising fuel costs, and updates on new initiatives such as Vet Care, Chewy+, Sponsored Ads, Healthcare, automation, and the SmartEquine business [7]