Consumer goods companies have been under pressure as shoppers pull back on spending amid higher prices. This has created volatility in the stock prices for leading brands in the sector, including those that are still reporting solid financial results.
But near-term macro headwinds give patient investors the chance to own top growth stocks at attractive discounts, setting up attractive returns over a longer time period. Here are three beaten-down growth stocks worth buying now.
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1. Chewy
Chewy (NYSE: CHWY) continues to see growth in its active customer base, helping to deliver another solid quarter of sales growth. In the recent quarter, it added over 200,000 net customer additions and reported a 7.7% year-over-year sales increase. It operates in a large pet industry, providing ample runway for this leading pet food supplier to expand.
Despite inflation, pet owners are still expected to spend $165 billion this year, up from $158 billion in 2025, according to the American Pet Products Association. That shows an enormous opportunity for Chewy, which generated $12.8 billion in trailing-12-month revenue.
The company benefits from a loyal customer base. Over 84% of net sales are driven through its autoship program. It is also pushing into pet healthcare services such as Chewy Vet Care clinics. This can strengthen its competitive position while also layering in a more profitable sales stream.
Near-term pressure on consumer spending is a headwind to watch in 2026. But for a patient investor, Chewy looks undervalued. The stock trades at just 12 times forward earnings, with analysts currently expecting 32% annualized earnings growth over the next several years.
2. Cava Group
Cava Group (NYSE: CAVA) is tapping into pent-up demand for Mediterranean-style eating in the fast-casual restaurant industry. The stock has rebounded year to date, but is still trading well off its all-time high from a few years ago.
Cava's recent performance looks quite strong in a weak consumer spending environment. Same-restaurant sales have increased in every quarter the past two years. Same-restaurant sales jumped 9.7% year over year in the recent quarter -- a significant improvement over 0.5% in the previous quarter.
It has a long runway of growth. Chipotle Mexican Grill has over 4,100 restaurants, while Cava ended the recent quarter with just 459. This indicates ample opportunity for Cava to expand and deliver market-beating returns to shareholders.