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Chewy Inc - CHWY STOCK NEWS

Welcome to our dedicated page for Chewy news (Ticker: CHWY), a resource for investors and traders seeking the latest updates and insights on Chewy stock.

Chewy Inc. (NYSE: CHWY), the leading e-commerce destination for pet parents, provides essential updates through this dedicated news hub. Track official press releases, financial disclosures, and strategic developments from the company redefining online pet care retail.

Investors and industry observers will find timely updates on quarterly earnings, product innovations like pharmacy services expansion, and partnership announcements. This resource consolidates regulatory filings, leadership updates, and operational milestones while maintaining strict editorial neutrality.

Key coverage areas include new market entries, sustainability initiatives in pet product packaging, and technology enhancements to Chewy's customer platform. Content is curated to help stakeholders monitor growth indicators and corporate strategy without promotional bias.

Bookmark this page for direct access to Chewy's evolving story in the $140B U.S. pet care industry. Verify time-sensitive filings through linked SEC documents and supplement your research with primary source materials from this trusted repository.

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Chewy, Inc. (NYSE: CHWY) announced a public offering of $500 million of its Class A common stock by Buddy Chester Sub , an entity affiliated with BC Partners. The underwriters have a 30-day option to purchase an additional $75 million of shares. Chewy will not receive any proceeds from this offering.

Additionally, Chewy has agreed to a Concurrent Repurchase of $300 million of its Class A common stock from the Selling Stockholder at the same price as the public offering. This repurchase, approved by a special committee of Chewy's Board, is separate from the existing $500 million share repurchase program authorized on May 24, 2024.

Morgan Stanley is the lead book-running manager for the offering. Chewy has filed a registration statement with the SEC, and interested investors should read the prospectus for complete information.

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Chewy (NYSE: CHWY) reported strong financial results for Q2 2024. Net sales increased 2.6% year-over-year to $2.86 billion. Gross margin improved by 120 basis points to 29.5%. Net income surged to $299.1 million, with net margin expanding 980 basis points to 10.5%. Diluted EPS rose by $0.63 to $0.68.

Adjusted EBITDA grew by $56.7 million to $144.8 million, with margin increasing 190 basis points to 5.1%. The company's active customer base grew to 20 million, with net sales per active customer reaching a record $565. CEO Sumit Singh highlighted Chewy's compelling value proposition driving broader customer engagement.

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Chewy (NYSE: CHWY) has announced its fiscal second quarter 2024 financial results conference call, scheduled for Wednesday, August 28, 2024, at 8:00 am ET. The company will release its financial results before the market opens on the same day. Investors and interested parties can access the conference call via phone registration or a live webcast on Chewy's investor relations website.

Chewy, an online destination for pet products, supplies, and prescriptions, offers approximately 115,000 products and services through its websites and mobile applications. The company partners with about 3,500 trusted brands in the pet industry and also creates its own private brands. Chewy aims to provide a customer-centric experience, focusing on pet health, wellness, and merchandise needs.

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The Pets Table, a premium pet food brand by HelloFresh, has launched on Chewy, Inc. (NYSE: CHWY), marking its first availability via an external omni-channel retailer. This collaboration allows pet parents to access high-quality, minimally processed pet food without a subscription. Initially, Chewy will offer The Pets Table's Air-Dried Dog Food and Treats, with Fresh Frozen meals coming later this summer. The products are developed with vets and vet nutritionists and are free from preservatives or fillers. Chewy’s Autoship customers can enjoy special savings on these products.

The Pets Table aims to redefine pet nutrition by providing human-grade, wholesome meals and has delivered over 4 million meals since its launch in June 2023. The brand has received positive feedback, with 86% of customers reporting their dogs prefer The Pets Table food over previous brands. Visit Chewy to shop The Pets Table products, or learn more at thepetstable.com.

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Chewy (NYSE: CHWY) announced a repurchase of 17,550,000 shares of its Class A common stock at $28.49 per share, totaling approximately $500 million. This buyback, coordinated with BC Partners, Chewy’s largest shareholder, reflects a 5.0% discount to the previous closing price. The repurchased shares will be canceled, reducing outstanding shares from 436 million to 418 million. The transaction, expected to close by June 27, 2024, is separate from Chewy's existing $500 million repurchase program initiated in May 2024. Chewy cites strong profitability and free cash flow as enabling factors for this capital allocation strategy, aiming to return cash to shareholders and optimize growth.

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Chewy (NYSE: CHWY) has announced its financial results for Q1 of fiscal year 2024, ending April 28, 2024.

The company reported net sales of $2.88 billion, marking a 3.1% year-over-year increase. Gross margin improved by 130 basis points to 29.7%, while net income reached $66.9 million. Net margin also rose to 2.3%, an increase of 150 basis points.

Chewy's earnings per share (EPS) increased by $0.10 to $0.15. Adjusted EBITDA grew by $52.1 million to $162.9 million, resulting in an adjusted EBITDA margin of 5.7%, up by 170 basis points. Adjusted net income was $137.1 million, an increase of $49.1 million, while adjusted EPS rose by $0.11 to $0.32 (basic) and $0.31 (diluted).

The company also announced a share repurchase program of up to $500 million. The program has no expiration date and is subject to market conditions and other factors.

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Chewy, Inc. (NYSE: CHWY) announced it will report fiscal first quarter 2024 financial results on May 29, 2024. The company aims to be a trusted online destination for pet products, partnering with top brands and offering a wide range of products and services. Chewy's innovative platforms provide a customer-centric experience, with approximately 115,000 product offerings.

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Chewy, Inc. (CHWY) reported positive financial results for fiscal Q4 2023 and full year 2023, with net sales increasing, gross margin expanding, and adjusted earnings per share rising year over year. However, adjusted EBITDA decreased slightly in Q4 2023.
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Chewy, Inc. (CHWY) will announce its fiscal Q4 and full year 2023 financial results on March 20, 2024. The company will host a conference call and webcast to discuss the results.
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Chewy, Inc. (NYSE: CHWY) announced the launch of its pet health practices under the brand name 'Chewy Vet Care,' with the first practice opening in South Florida early next year. The practices will offer routine appointments, urgent care, and surgery, powered by Chewy's custom-built open platform. The company aims to provide a seamless and memorable experience for pet parents, veterinary professionals, and pets, expanding into veterinary care as the natural next step in its evolution. Chewy Vet Care joins the portfolio of best-in-class Chewy Health offerings, including a pet pharmacy, tele-triage service, pet-first insurance and wellness plans, and market-leading eCommerce offerings.
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Chewy Inc

NYSE:CHWY

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CHWY Stock Data

14.58B
187.05M
3.38%
98.94%
2.77%
Internet Retail
Retail-catalog & Mail-order Houses
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United States
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