Chewy, Inc. announces an Equity Buyback for 17,550,000 shares, representing 4.03% for $500 million.
June 27, 2024 at 11:09 am
Share
Chewy, Inc. (NYSE:CHWY) announces a share repurchase program. Under the program, the program, the company will repurchase up to 17,550,000 Class A common shares, representing 4.03% of its issued share capital for approximately $500 million. The shares will be repurchased at a price of $28.49 per share.
The shares will be repurchased from Buddy Chester Sub LLC. The repurchased shares will be cancelled and retired. The program is expected to expire on June 27, 2024.
As of June 26, 2024, the company has approximately 436,000,000 shares of class A common stock and class B common stock outstanding.
Chewy, Inc. is a pure-play e-commerce company geared towards pet products and services for dogs, cats, fish, birds, small pets, horses, and reptiles. The Company's brands include A Pet Hub, Bark and Slumber, B&G Martin, Babyliss Pro Pet, C&F, Nutro, ORIJEN, NexGard, Frisco and others. It offers quality pet food, treats and supplies, and pet healthcare products. The Company's product offerings include Food products such as dry food, wet food, veterinary diets and food toppings; Treat products, such as treat products, such as soft and chewy treats, biscuits, cookies and crunchy treats, dental treats, jerky treats, bones, bully sticks and natural chews; Vitamin and supplements, such as Hip & Joint, Digestive Health & Probiotics, Multivitamins, Heart & Liver and others, and Healthcare products such as Dental Care, First Aid & Recovery, Ear Care, Eye Care, Milk Replacers, DNA Tests and others. It serves its customers through its retail Website, www.chewy.com, and its mobile applications.
CHEWY, INC. 
