Chewy Inc (NYSE:CHWY) stock declined after reporting mixed Q3 results, missing revenue estimates with $2.74 billion against the expected $2.76 billion, but beating EPS estimates with 15 cents over an expected 6 cent loss. Year-over-year sales increased by 8.2%, and gross margin improved slightly to 28.5%. Active customers decreased by 1.3% while net sales per active customer rose by 13.8%. Full-year 2023 net sales guidance was lowered from $11.15-$11.35 billion to $11.08-$11.1 billion. Chewy appointed David Reeder as the new CFO. Analysts from Barclays, Needham, Raymond James, JMP Securities, and Morgan Stanley lowered their price targets for Chewy.