Chewy, Inc. Class A (CHWY)

In the past six months, Chewy's stock has experienced notable movements. As of March 27, 2026, the share price was $26.12, representing a decline of 19.66% from March 31, 2025. On March 25, 2026, Chewy reported its fiscal fourth-quarter and full-year 2025 results, missing EPS estimates but matching revenue expectations. Key highlights included increases in active customers, net sales per active customer, and Autoship customer sales. Adjusted EBITDA increased, and net income was reported at $39.2 million. Following this earnings report, Chewy's shares jumped 11.6% in premarket trading. Earlier in March 2026, the stock experienced a significant drop amidst broader market volatility and geopolitical events. On March 4, 2026, the stock fell 5% due to cautious sentiment ahead of earnings, recent executive changes, and insider-sale disclosures. Chris Deppe was appointed as Chief Financial Officer effective February 23, 2026. Additionally, on February 2, 2026, CTO Satish Mehta sold shares of the company's stock. Institutional ownership data from Q4 2025 showed BC Partners PE LP and Wellington Management Group LLP reducing their stakes, while Viking Global Investors LP significantly increased its position.

Demand for pet products and services generally exhibits seasonal patterns. Pet spending tends to peak during the summer months and during the holiday seasons in the fourth quarter. Colder periods see an emphasis on comfort and indoor pet solutions. Spring often brings an increase in demand for pet care services. Pet food has more consistent demand, while prices are typically lowest in the winter months. Pet supply prices generally rise from February through May, are lowest from late spring through summer, hit their bottom in September, and then increase towards a November peak before dropping in December. Chewy's Autoship program helps to mitigate some of these seasonal fluctuations, and its logistics framework is designed to manage fluctuating order volumes. Management also anticipates a sequential moderation in Q4 margins consistent with typical seasonality and promotional activity.

Chewy, Inc. is a leading e-commerce pet care retailer in the U.S., offering a vast selection of pet-related products and services. Its business model focuses on providing a comprehensive pet-parenting ecosystem. Major product categories include pet food and treats, pet supplies, over-the-counter medications, and prescription fulfillment. Chewy also offers pet health products and services, including telehealth, pet insurance, and physical vet care clinics. The company features products from approximately 4,000 brands, alongside its own private brands. A cornerstone of its business is the Autoship subscription program, which provides scheduled deliveries of pet essentials, contributing significantly to recurring revenue.

Chewy's primary operational focus and customer base are within the United States, where it offers nationwide delivery. The company maintains dual headquarters in Plantation, Florida, and Boston, Massachusetts, along with corporate hubs in Minneapolis, Minnesota, and Bellevue, Washington. Chewy operates numerous fulfillment and customer service centers across the U.S. Chewy expanded its operations into Canada, with a surgical rollout in the Greater Toronto Area between 2023 and 2025.

Chewy has cultivated a strong brand reputation, primarily known for its "white-glove customer service" and customer-centric approach. The company emphasizes providing an exceptional level of care and a personal touch. Chewy aims to be the most trusted and convenient online destination for pet parents, offering a broad selection of high-quality products at competitive prices with reliable delivery and 24/7 customer support. Its reputation appears consistently positive, built on customer loyalty and service.

Chewy, Inc. is a widely held public company with a blend of institutional, individual, and private company ownership. Institutional investors hold the largest blocks of shares, collectively owning approximately 93% of Chewy's shares, with the top 10 institutional investors owning 69%. Major institutional owners include BC Partners PE LP, BlackRock, Inc., The Vanguard Group Inc, Viking Global Investors Lp, Aqr Capital Management Llc, Morgan Stanley, Holocene Advisors, LP, State Street Corp, Citadel Advisors Llc, and Wellington Management Group Llp. PetSmart LLC also remains a significant shareholder. Among individual owners, Buddy Holdings II LLC is noted as the largest. Founders Ryan Cohen and Michael Day retained meaningful influence in the company's early stages.