Chewy (company) facts for kids
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| Public | |
| Traded as |
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| Industry | E-commerce |
| Genre | Pet supplies |
| Founded | September 28, 2009 |
| Founders |
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| Headquarters |
,
U.S.
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Area served
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United States |
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Key people
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| Products | Pet food and pet-related products |
| Revenue |  US$11.1 billion (2023) |
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Operating income
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 US$–24 million (2023) |
| US$39.6 million (2023) |
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| Total assets | US$3.19 billion (2023) |
| Total equity | US$510 million (2023) |
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Number of employees
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18,100 (2024) |
Chewy, Inc. is an American online store that sells food and other items for pets. It is based in Plantation, Florida. Chewy became a public company in 2019, which means its shares can be bought and sold on the New York Stock Exchange.
Contents
Chewy's Story
How Chewy Started (2011–2019)
Chewy was first called "Mr. Chewy." It was started in June 2011 by two people, Ryan Cohen and Michael Day. The company grew very quickly. By 2012, it was making about $26 million in sales each year.
By 2017, Chewy's sales had grown to about $2 billion. It was selling more than half of all pet food online in the United States. In 2017, a big pet store company called PetSmart bought Chewy for $3.35 billion. This was the largest amount ever paid for an online business at that time. Even after being bought, Chewy mostly ran as its own separate business.
Ryan Cohen stayed as Chewy's CEO for a while. Then, in March 2018, Sumit Singh became the new CEO.
Growing as a Public Company (2019–Present)
In 2019, Chewy became a public company. This meant that people could buy shares of the company on the stock market. In 2018, Chewy had sales of $3.5 billion. By 2019, its sales grew to $4.85 billion.
During the COVID-19 pandemic, many people stayed home. This meant more people bought pet supplies online, and Chewy's business grew even more.
Chewy started new services for pet owners. In October 2020, they launched "Connect With a Vet." This is a free service where you can talk to a veterinarian online for advice. In November 2020, Chewy also began making special, custom-made medicines for pets when regular medicines were not available.
In March 2021, Chewy made a profit for the first time in a single quarter. For the whole year of 2020, their sales reached $7.15 billion. By 2021, sales grew to $8.89 billion.
In August 2022, Chewy started offering pet insurance and wellness plans called "CarePlus." This was their first step into helping pets with their health care costs.
Chewy's sales kept growing, reaching $10.1 billion in 2022. In December 2023, Chewy opened its own veterinary clinics called "Chewy Vet Care." These clinics offer regular check-ups, urgent care, and even surgeries for pets.
In 2023, Chewy's sales were $11.15 billion. This growth was helped by more customers and their "Autoship" program, where items are sent to customers automatically. In April 2024, Chewy continued to expand its in-person veterinary practices.
By 2024, Chewy's sales reached $11.86 billion. The company also improved how much money it made from each sale.
How Chewy is Run
Sumit Singh became Chewy's CEO in March 2018. He had worked at other big companies like Dell and Amazon before joining Chewy. Under his leadership, Chewy's value grew to $40 billion.
Chewy has many employees. In 2018, it had about 7,000 employees. By 2019, this number grew to over 12,000. As of 2021, Chewy has more than 18,000 employees in the United States.
The company's board is led by Raymond Svider. A private equity firm called BC Partners still owns a large part of Chewy.
