On June 26, 2024, Chewy, Inc. entered into a Stock Repurchase Agreement with Buddy Chester Sub LLC, an affiliate of BC Partners, to buy back 17,550,000 shares of its Class A common stock at $28.49 per share, totaling approximately $500 million. The repurchased shares are to be cancelled and retired post-transaction. This decision, approved by a special committee of independent and disinterested directors, is separate from Chewy's existing $500 million share repurchase program. The transaction is expected to close by June 27, 2024, and is part of Chewy's capital allocation strategy, leveraging its increasing profitability and free cash flow. Following the repurchase, Chewy's outstanding shares will reduce to approximately 418 million. The company issued a press release on the same day to announce the Board's authorization of the Stock Repurchase.

On June 26, 2024, Chewy, Inc. entered into a Stock Repurchase Agreement with Buddy Chester Sub LLC, an affiliate of BC Partners, to buy back 17,550,000 shares of its Class A common stock at $28.49 per share, totaling approximately $500 million. The repurchased shares are to be cancelled and retired post-transaction. This decision, approved by a special committee of independent and disinterested directors, is separate from Chewy's existing $500 million share repurchase program. The transaction is expected to close by June 27, 2024, and is part of Chewy's capital allocation strategy, leveraging its increasing profitability and free cash flow. Following the repurchase, Chewy's outstanding shares will reduce to approximately 418 million. The company issued a press release on the same day to announce the Board's authorization of the Stock Repurchase.