The video provides a fundamental analysis of Chewy (CHWY) stock following its quarterly earnings report, which caused a 17% drop in the stock price. The analyst discusses Chewy's Q2 net sales, which exceeded guidance at $3.1 billion, an 8.6% year-over-year increase. Gross margin increased 90 basis points to 30.4%. The net income was lower than analysts expected due to share-based compensation expenses and related taxes of $79.1 million. Adjusted EBITDA margin increased 80 basis points to 5.9%. Autoshop customer sales increased by 15% and represent 83% of total net sales. The analyst sees the stock dip as a buying opportunity, reiterating a buy rating, and the discounted cash flow valuation gives the stock an intrinsic value of $58.04.