Companies · CHWY
Chewy
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Latest analysis
Updated Jun 24, 2026
Chewy secures $600M term loan and extends ABL facility to 2031
Chewy established a $600 million seven-year senior secured term loan facility at SOFR+175bps and extended its asset-based lending facility maturity to June 2031. The financing provides liquidity for working capital and general corporate purposes. No transaction or acquisition is disclosed; this is a refinancing of operational borrowing capacity.
Tone: neutralRevenue
$12.6B
CHWY 10-K · FY 2026
Employees
18,000
Revenue growth YoY
+6.2%
Founded
2011
Profile
CHWY 10-K Item 1 · Mar 25, 2026Chewy is the largest pet e-tailer in the United States, offering approximately 190,000 products and services across food, supplies, pharmaceuticals, and health services through its websites and mobile applications. The company operates an Autoship subscription program, the number-one pet pharmacy in America, a telehealth service, and a growing network of physical veterinary clinics under the Chewy Vet Care brand. Its fulfillment network spans 17 centers capable of reaching over 80% of the U.S. population with overnight delivery.
Read filing description ↓ Collapse description ↑
Our mission is to be the most trusted and convenient destination for pet parents and partners everywhere. We believe that we are the preeminent online source for pet products, supplies and prescriptions as a result of our broad selection of high-quality products and services, which we offer at competitive prices and deliver with an exceptional level of care and a personal touch to build brand loyalty and drive repeat purchasing. We seek to continually develop innovative ways for our customers to engage with us, as our websites and mobile applications allow our pet parents to manage their pets' health, wellness, and merchandise needs, while enabling them to conveniently shop for our products. We partner with approximately 4,000 of the best and most trusted brands in the pet industry, and we create and offer our own private brands. Through our websites and mobile applications, we offer our customers approximately 190,000 products and services offerings, to bring what we believe is a high-bar, customer-centric experience to our customers. By leveraging our extensive supply chain infrastructure consisting of fulfillment centers located in the U.S. and Canada, we are typically able to offer our products in a localized manner with the capability to serve over 80% of the U.S. population overnight and almost 100% in two days.
Primary products
- pet food and treats (consumables)
- hardgoods (pet supplies)
- pet health and specialty products
- prescription medications (Chewy Pharmacy)
- compounding medications
- Autoship subscription program
End markets
Geographies
“We believe our ability to provide a seamless shopping experience, fast and reliable delivery options, including our convenient Autoship subscription program, and our knowledgeable customer service sets us apart from our competitors.” Competitive position, as stated in the filing
Revenue commentary · FY 2026
Net sales for Fiscal Year 2025 increased by $740.2 million, or 6.2%, to $12.6 billion compared to $11.9 billion for Fiscal Year 2024, driven by growth in Autoship customer sales, higher net sales per active customer, and a 4.0% increase in active customers.
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Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.