Chewy, Inc. Board Approves $500 Million Increase to Share Repurchase Program

Chewy, Inc. announced that its Board of Directors has approved an increase of $500 million to its existing share repurchase program. This increase is in addition to the approximately $119.4 million remaining under the program initially authorized in May 2024. The company may repurchase shares of its Class A and Class B common stock through various methods, including open market repurchases and privately negotiated transactions. The timing and volume of repurchases are subject to market conditions, stock price, and other business considerations. The program has no expiration date and can be modified or terminated at any time.