Chewy Inc is an online retailer specializing in pet food and supplies, providing a convenient shopping experience for pet owners. The company offers a wide range of products, including food, treats, toys, and health supplies for various types of pets. Chewy is known for its customer-centric approach, featuring a subscription service that allows pet owners to receive regular deliveries of their preferred products. Additionally, Chewy engages customers through a robust online community, providing resources and support for pet care while embracing a seamless shopping journey with fast shipping and a user-friendly website. Read More
Chewy Inc (CHWY) is positioned to benefit from growing Pet Care market, analyst maintains Buy rating with $49 target. CVC rollout and potential for $1bn+ revenue seen.
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Chewy won't receive any proceeds from the sale but has agreed to buy from the BC Partners funds $100 million worth of shares to be canceled upon completion of the deal.
Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted destination for pet parents and partners everywhere, announced today the pricing of an upsized underwritten public offering of 23,952,096 shares of its Class A common stock, par value $0.01 per share, by Buddy Chester Sub LLC (the “Selling Stockholder”), which is an entity affiliated with funds advised by BC Partners PE, LP (“BC Partners”), Chewy’s largest shareholder, at a price to the public of $41.95 per share (the “Offering”). The Selling Stockholder granted the underwriter a 30-day option to purchase up to an additional 3,592,815 shares of Class A common stock. Chewy will not sell any shares of its Class A common stock in the Offering and will not receive any proceeds from the sale of the shares of Class A common stock being offered by the Selling Stockholder.
Chewy Inc (NYSE:CHWY) shares are trading lower in Monday's after-hours session after the company announces a public offering of common stock by a selling stockholder.
Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted destination for pet parents and partners everywhere, announced today the commencement of an underwritten public offering of $1.0 billion of shares of its Class A common stock, par value $0.01 per share (the “Class A Common Stock”), by Buddy Chester Sub LLC (the “Selling Stockholder”), which is an entity affiliated with funds advised by BC Partners PE, LP (“BC Partners”), Chewy’s largest shareholder (the “Offering”). The Selling Stockholder intends to grant the underwriters a 30-day option to purchase up to an additional $150.0 million of shares of Class A Common Stock. Chewy will not sell any shares of its Class A Common Stock in the Offering and will not receive any proceeds from the sale of the shares of Class A Common Stock being offered by the Selling Stockholder. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed.
Chewy, the pet food, supplies, and health and services company, produced positive free cash flow (FCF) for its fiscal Q1 ending May 3. Moreover, based on Chewy's guidance, we can project strong FCF going forward.
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