Chewy, Inc. Class A (CHWY)

Chewy's stock price has declined, reaching a 52-week low in early May 2026. Key events include the release of Q4 and full year 2025 earnings reports, which showed increased net sales and adjusted EBITDA, despite the stock's downward trend. Chewy announced an agreement to acquire Modern Animal Inc. to expand its Vet Care locations, which was viewed positively by analysts. The company also increased its share repurchase program by $500 million.

Chewy's Autoship program generates recurring revenue, but the pet industry exhibits seasonal demand patterns. Seasonal pet products align with holidays, weather changes, or special events, creating demand peaks. Sales have shown a slight increase in January, followed by a slight dip in February each year.

Chewy, Inc. is an American online retailer specializing in pet food and pet-related products and services, operating primarily in the e-commerce sector. The company offers a wide range of products including pet food, supplies, and medications, and has expanded into pet health services such as Chewy Pharmacy, telehealth, pet insurance, and physical vet clinics. Chewy also develops its own private brands like American Journey and Frisco.

Chewy's primary market is the United States, with recent expansion into Canada, focusing on the Greater Toronto Area. The company has dual headquarters in Plantation, Florida, and Boston, Massachusetts, with corporate hubs in Minneapolis, Minnesota, and Bellevue, Washington. Chewy operates numerous fulfillment and customer service centers across the United States.

Chewy has a strong brand reputation built on customer service, personalized engagement, and high customer retention rates. The company's expansion into pet healthcare services enhances its brand as a comprehensive pet-parenting ecosystem. The brand's standing with customers remains strong, driven by its Autoship program and diversified offerings.

Chewy, Inc. is a widely held public company with significant institutional ownership, with institutions holding over 70% of the company's shares. Major institutional owners include BC Partners PE LP, BlackRock, Inc., and Vanguard Group Inc. PetSmart LLC remains a top institutional holder. The ownership structure has shifted to a more dispersed institutional ownership. In mid-2024, Keith Gill disclosed a 6.6% stake in the company.