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) is an e-commerce company focused on pet products, supplies, and prescriptions, and its news flow reflects both its operating performance and strategic activity in the pet sector. On this page, readers can follow company-issued updates that cover quarterly financial results, product launches, capital markets transactions, and category expansions.
Chewy regularly announces fiscal quarter results through press releases and accompanying conference calls, detailing net sales, margins, net income, and non-GAAP measures such as Adjusted EBITDA and Adjusted net income. These updates often include commentary from management on customer trends, profitability, and the performance of areas like Autoship customer sales.
In addition to earnings, Chewy’s news includes product and category developments. Examples from recent communications include the launch of Get Real, a minimally processed fresh dog food line available exclusively at Chewy, and the announcement of a definitive agreement to acquire SmartEquine, an equine health business known for subscription-based supplement programs and personalized nutrition plans. Such items illustrate how Chewy is active in health and wellness verticals within the broader pet market.
Investors and followers of CHWY can also find information on secondary offerings of Class A common stock by a selling stockholder affiliated with BC Partners, concurrent share repurchases by Chewy, and governance events such as scheduled earnings calls. For those tracking the company’s strategy and financial performance, this news feed offers a centralized view of Chewy’s official disclosures and key developments over time.
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.
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.
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.
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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