Analyst Price Target News: Chewy, Tapestry, Chipotle - September 11th, 2025

By: Matthew Otto

Chewy Reports Q2 2025 Results with Higher Sales but Lower Net Margin

Chewy reported second-quarter fiscal 2025 revenue of $3.1 billion, slightly above the consensus estimate of $3.08 billion and up 8.6% from $2.86 billion in the prior-year period. Earnings per share were $0.33, matching the analyst estimate, compared with $0.24 a year earlier on an adjusted basis. On a GAAP basis, basic EPS stood at $0.15 and diluted EPS at $0.14, both down from $0.7 and $0.68 last year, due largely to a $275.7 million tax benefit recorded in the prior-year quarter.

Net income declined to $62 million from $299.1 million, with net margin at 2% compared to 10.5% a year earlier. Gross margin improved to 30.4%, up 90 basis points year over year. Cash from operating activities was $133.9 million, an increase of 8.5% year over year, while free cash flow reached $105.9 million, compared with $91.5 million in the same period last year.

Active customers totaled 20.9 million, up 4.5% from 20 million a year earlier, while net sales per active customer increased 4.6% to $591. Autoship customer sales rose 14.9% year over year to $2.58 billion, representing 83% of total sales versus 78% in the prior-year quarter. Inventory levels ended the quarter at $874.6 million, compared with $836.7 million at the start of the fiscal year, and accounts receivable increased to $221.2 million from $169 million.

Analysts Boost Ratings on Chewy While Average Price Target Rises 1%

JMP Securities analyst Andrew Boone reiterated a Market Outperform rating and maintained a $48 price target.
Barclays analyst Trevor Young maintained an Overweight stance but lowered the price target from $50 to $47.
Seaport Global analyst Aaron Kessler upgraded from Neutral to Buy and set a $47 price target.
Needham analyst Bernie McTernan reiterated a Hold rating.
Deutsche Bank analyst Lee Horowitz upgraded from Hold to Buy and announced a $45 price target.

Which Analyst has the best track record to show on CHWY?

Analyst Michael Lasser (UBS) currently has the highest performing score on CHWY with 4/5 (80%) price target fulfillment ratio. His price targets carry an average of $-1.49 (-3.14%) potential downside. Chewy stock price reaches these price targets on average within 7 days.

Tapestry Projects Growth Despite Tariff Headwinds, Sets $4 Billion Capital Return Plan

Tapestry outlined its long-term strategy and financial targets at its 2025 Investor Day, with management stating the company expects to fully offset the impact of U.S. tariffs by fiscal 2028. Executives estimated tariffs would cost about $160 million in fiscal 2026, particularly affecting the Kate Spade brand.

Chief Financial Officer Scott Roe said margins are expected to expand in fiscal 2027 and beyond, with Coach projected to drive sales toward $10 billion over the long term. Kate Spade is forecast to return to profitable topline growth by fiscal 2027. Overall, Tapestry anticipates revenue to grow by mid-single digits in fiscal years 2027 and 2028, while adjusted earnings per share are expected to rise at a low double-digit annual pace.

Tapestry also announced a shareholder return program totaling $4 billion through fiscal 2028, supported by projected free cash flow. This includes a $3 billion share repurchase authorization and dividends expected to grow in line with earnings, starting with an annual payout of $1.6 per share in fiscal 2026.

By fiscal 2028, operating margin is targeted to exceed 22%, more than 200 basis points above 2025 levels. By brand, Coach is expected to achieve a mid-single-digit revenue compound annual growth rate and mid-30% operating margin, while Kate Spade aims for mid-single-digit revenue growth and a high single-digit operating margin by fiscal 2028.

Analysts Maintain Positive Outlook on Tapestry as Average Price Target Rises 6%

Barclays analyst Adrienne Yih kept an Overweight rating and lifted the price target from $111 to $127.
Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating and a $125 price target.
Jefferies analyst Ashley Helgans raised the price target from $120 to $125.

Which Analyst has the best track record to show on TPR?

Analyst Kenneth Worthington (JPMORGAN) currently has the highest performing score on TPR with 12/14 (85.71%) price target fulfillment ratio. His price targets carry an average of $57.28 (5.75%) potential upside. Tapestry stock price reaches these price targets on average within 251 days.

Chipotle to Enter Asian Market with First Locations in South Korea and Singapore

Chipotle Mexican Grill announced it will enter Asia for the first time through a joint venture with SPC Group, a South Korea-based food company. The partnership plans to open the first Chipotle restaurants in South Korea and Singapore in 2026.

Currently, Chipotle operates over 3,800 restaurants globally, with approximately 98% located in the United States. Its existing international footprint includes more than 60 restaurants in Canada, 20 in the United Kingdom, six in France, and two in Germany. The company is also pursuing expansion in other regions, including a deal with Alshaya Group to operate six restaurants in Kuwait and the United Arab Emirates, and an agreement with Alsea to launch its first Mexican location in 2026.

Chipotle lowered its annual sales growth target earlier this year and continues to manage headwinds tied to softer U.S. consumer spending and rising supply-chain costs. Despite these challenges, the company has set a long-term goal of operating 7,000 locations in the U.S. and Canada, with 315 to 345 new openings expected in 2025.

Stephens & Co. Reaffirms Rating on Chipotle and Keeps Price Target

Stephens & Co. analyst Jim Salera reiterated an Equal-Weight rating and a $60 price target.

Which Analyst has the best track record to show on CMG?

Analyst Alton Stump (LOOP CAPITAL) currently has the highest performing score on CMG with 4/5 (80%) price target fulfillment ratio. His price targets carry an average of $14.97 (29.92%) potential upside. Chipotle Mexican Grill stock price reaches these price targets on average within 23 days.