36:
448:. Singh led the company through its IPO; Chewy grew to a market capitalization of $ 40 billion. The company reported to have employed around 7,000 people in the United States in 2018 and more than 12,000 by 2019. The company has more than 18,000 employees in the United States as of 2021. Chewy is chaired by Raymond Svider of BC Partners. The private equity firm continues to own around 80
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440:'s 1997 letter to shareholders as a roadmap for how to grow Chewy by using Amazon's guidelines on the convenience of shopping online and customer service. Cohen stepped down in March 2018, and Sumit Singh was named the company's CEO in March 2018 after working as its COO since 2017 and previously as an executive at
396:
for an initial public offering, intending to trade under the ticker symbol CHWY. In its filing, Chewy reported a net loss of $ 268 million on total sales of $ 3.5 billion for its 2018 fiscal year. In the 2019 fiscal year, Chewy earned net sales of $ 4.85 billion, a 40 percent year-over-year increase
423:
In the 2022 fiscal year, Chewy's net sales grew 13.6% since 2021, to $ 10.1 billion. Following this, in
December 2023, Chewy expanded its healthcare services by launching Chewy Vet Care. This service includes the establishment of veterinary practices that offer routine check-ups, urgent care, and
383:
Following the acquisition, Cohen remained CEO and operated the business largely as an independent unit of PetSmart. Between 2017 and 2018, Chewy’s sales increased from $ 2.1 billion to $ 3.5 billion, with 66% of sales coming from customers signed up for automatic recurring shipments. Sumit Singh
427:
In fiscal year 2023, Chewy reported net sales of $ 11.15 billion representing 10.2% year-over-year growth primarily driven by increased spending from both new and existing customers, strength of Chewy's
Autoship subscription program and growth of Chewy's pet healthcare business.
415:
In March 2021, Chewy reported revenue of $ 2.04 billion for Q4 of 2020, making it Chewy's first quarter of net profitability, and net sales of $ 7.15 billion for the fiscal year. In March 2022, Chewy reported net sales of $ 8.89 billion for the 2021 fiscal year.
362:
and
Michael Day. In March 2012, the company estimated a total yearly revenue of $ 26 million, despite losing money in its first half year. By 2017, the company had revenue of approximately $ 2 billion and 51% of online pet food sales in the US. At that time, CEO
371:
and PetSmart approached with merger offers. Petco's offer would be paid for in part using stock, whereas PetSmart offered an all-cash bid that would also allow Chewy to remain a completely separate business. In 2017, Chewy was purchased by
1141:
419:
In August 2022, Chewy announced the introduction of the CarePlus program, which provides pet insurance and wellness plans. This initiative marked Chewy's entry into the health insurance sector for pets.
412:, commonly referred to as compounding, for instances where commercial alternatives are absent. In 2020, it was announced that Chewy and PetSmart would split to operate as separate companies.
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on a 52-week basis. The company saw increased demand from millions of existing and new customers as the business sustained growth throughout the economic disruption of the
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service called
Connect With a Vet in October 2020. In November 2020, Chewy announced that it would produce and fulfill orders of customized
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1142:"Ryan Cohen Started A Company That Took On Amazon, And Sold It For $ 3 Billion. Now He's Thinking About What's Next"
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1284:"Why has Chewy.com succeeded? Co-founder points to its customer service and changing times"
598:"Why has Chewy.com succeeded? Co-founder points to its customer service and changing times"
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759:"Chewy.com, PetSmart's online business, prices IPO at $ 22 a share, above expected range"
46:
1344:
706:"Meet the Young Founders of Chewy.com, Which PetSmart Just Bought for $ 3.35 Billion"
54:
472:
35:
970:"Chewy shares soar as COVID-19 buying drove subscriptions, sales above $ 2B in Q4"
624:"PetSmart is buying Chewy.com in possibly the biggest e-commerce acquisition ever"
1167:"Co-founder Ryan Cohen stepping down as CEO of Chewy, a homegrown success story"
1066:"Chewy Plans International Expansion Following 13.6% Net Sales Growth in FY2022"
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836:"Chewy Announces Fourth Quarter and Full Year 2019 Financial Results"
436:
The company's founder and first CEO, Ryan Cohen, stated that he used
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247:
19:
This article is about the pet food retailer. For other uses, see
944:"Reports: Chewy, PetSmart Split to Operate as Separate Entities"
441:
862:"Chewy is eating up the competition during the COVID-19 crisis"
341:. Chewy went public in 2019 with the ticker symbol CHWY on the
1328:"PetSmart, Chewy Overlapping Directors Focus of DOJ Complaint"
888:"Chewy launches virtual vet visits as pandemic fuels pet boom"
545:"Pet product online retailer sees growth in a bullish market"
358:
Chewy was founded under the name "Mr. Chewy" in June 2011 by
681:"How PetSmart Swallowed Chewy—and Proved the Doubters Wrong"
452:
percent of Chewy following the latter's IPO, representing 98
1232:"PetSmart's online business, Chewy.com, files to go public"
1192:"Roundup: Chewy CEO steps down and other personnel news,"
1091:"Chewy to open veterinary practices in Florida, Colorado"
1250:"Chewy founder leaves as former Amazon exec takes over"
810:"Online pet-food retailer Chewy.com files to go public"
384:
succeeded Ryan Cohen as CEO of Chewy in March 2018.
337:
of pet food and other pet-related products based in
516:"Pet retailer Chewy.com is part of a growing breed"
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997:"Chewy Fetches A Profit, Sees Strong Growth Ahead"
733:"PetSmart's Latest Bite at E-Commerce: Chewy.com"
757:Hirsch, Lauren; Picker, Leslie (June 13, 2019).
376:, a retail entity backed by private equity firm
1386:Companies listed on the New York Stock Exchange
1116:"Chewy (CHWY) Q4 2023 Earnings Call Transcript"
674:
672:
670:
8:
354:2011–2019: Founding, acquisition and pre-IPO
28:
1041:"Chewy Has a New Offer Pet Owners May Love"
1022:"Chewy Inc. 2021 Annual Report (Form 10-K)"
784:"Founder of Chewy.com stepping down as CEO"
498:"Chewy Inc. 2023 Annual Report (Form 10-K)"
1381:Companies based in Broward County, Florida
34:
27:
1269:"Chewy CEO sees big job growth in Boston"
1206:"Chewy CEO sees big job growth in Boston"
1366:Internet properties established in 2011
1026:U.S. Securities and Exchange Commission
502:U.S. Securities and Exchange Commission
464:
1356:American companies established in 2011
367:prepared to take Chewy public as both
1351:Online retailers of the United States
679:Gottfried, Miriam (October 1, 2019).
539:
537:
7:
1361:Retail companies established in 2011
650:"The Man Who Found Gold In Dog Food"
924:from the original on April 16, 2021
886:Repko, Melissa (October 28, 2020).
1194:Internet Retailer, March 16, 2018.
914:"Why Chewy Jumped 26% in November"
912:Tseng, Andrew (December 7, 2020).
731:Armental, Maria (April 18, 2017).
622:Dahlberg, Nancy (April 19, 2017).
14:
1267:Chesto, Jon (December 25, 2019).
1230:Hirsch, Lauren (April 29, 2019).
1204:Chesto, Jon (December 25, 2019).
1140:Verdon, Joan (January 26, 2020).
860:MacLean, Jayson (April 4, 2020).
648:Adams, Susan (January 10, 2017).
596:Heroux, Mary (January 29, 2018).
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1039:Kaiser, Zigi (August 8, 2022).
322:Footnotes / references
1391:2011 establishments in Florida
788:South Florida Business Journal
549:South Florida Business Journal
16:Internet retailer of pet items
1:
1396:2019 initial public offerings
1371:2017 mergers and acquisitions
1326:Nylen, Leah (March 9, 2023).
456:percent of the voting power.
840:markets.businessinsider.com
1412:
570:Woo, Stu (March 6, 2012).
18:
320:
180:and pet-related products
33:
410:prescription medications
392:In 2019, Chewy filed an
1282:Pounds, Marcia Heroux.
1171:miamiherald.typepad.com
737:The Wall Street Journal
685:The Wall Street Journal
576:The Wall Street Journal
343:New York Stock Exchange
404:Chewy launched a free
388:2019–present: Post-IPO
97:; 14 years ago
21:Chewy (disambiguation)
1070:retailtouchpoints.com
628:The Los Angeles Times
424:surgical procedures.
339:Plantation, Florida
298:Number of employees
134:Plantation, Florida
30:
950:. October 28, 2020
166:Satish Mehta (CTO)
102:September 28, 2009
95:September 28, 2009
1302:"About Chewy.com"
1190:Stephanie Crets,
1028:. March 29, 2022.
504:. March 20, 2024.
432:Corporate affairs
328:
327:
163:Sumit Singh (CEO)
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522:. June 11, 2015
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335:online retailer
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572:"Pets.com 2.0"
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302:18,100 (2024)
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150:United States
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1309:. Retrieved
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1213:. Retrieved
1210:Boston Globe
1209:
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627:
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605:. Retrieved
602:Sun Sentinel
601:
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579:. Retrieved
575:
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548:
524:. Retrieved
520:Sun Sentinel
519:
510:
492:
480:. Retrieved
476:
467:
435:
426:
422:
418:
414:
403:
399:COVID-19 era
391:
382:
357:
330:
329:
321:
268:Total equity
248:Total assets
197:11.1 billion
129:Headquarters
87:Pet supplies
43:Company type
25:
1254:Retail Dive
768:October 13,
742:October 13,
690:October 13,
659:October 13,
633:October 13,
607:October 13,
581:October 13,
473:"Chewy Inc"
406:tele-triage
378:BC Partners
331:Chewy, Inc.
290:BC Partners
146:Area served
121:Michael Day
29:Chewy, Inc.
1376:Pet stores
1345:Categories
1006:August 30,
555:August 11,
526:August 11,
460:References
438:Jeff Bezos
365:Ryan Cohen
360:Ryan Cohen
228:Net income
156:Key people
117:Ryan Cohen
78:E-commerce
1045:TheStreet
980:April 16,
928:April 16,
897:April 16,
477:Bloomberg
68:(Class A)
55:Traded as
1151:July 14,
1125:June 18,
1120:Fool.com
1100:March 1,
1095:avma.org
1075:March 1,
1050:March 6,
954:July 20,
922:Archived
820:July 20,
794:July 20,
716:July 20,
482:July 26,
374:PetSmart
178:Pet food
174:Products
110:Founders
74:Industry
1311:June 7,
1215:June 8,
1176:June 4,
948:Pet Age
871:June 4,
845:June 4,
349:History
307:Website
185:Revenue
100: (
92:Founded
64::
1146:Forbes
1001:Forbes
918:NASDAQ
654:Forbes
454:
450:
446:Amazon
281:(2023)
261:(2023)
241:(2023)
220:(2023)
199:(2023)
47:Public
369:Petco
312:chewy
292:(80%)
286:Owner
84:Genre
1313:2021
1236:CNBC
1217:2020
1178:2021
1153:2020
1127:2024
1102:2024
1077:2024
1052:2024
1008:2022
982:2021
956:2023
930:2021
899:2021
892:CNBC
873:2021
847:2021
822:2023
796:2023
770:2023
763:CNBC
744:2023
718:2023
692:2023
661:2023
635:2023
609:2023
583:2023
557:2023
528:2023
484:2020
444:and
442:Dell
314:.com
195:US$
139:U.S.
66:CHWY
62:NYSE
710:Inc
394:S-1
1347::
1330:.
1304:.
1286:.
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