Chewy, Inc. (NYSE: CHWY) has appointed Chris Deppe as its new Chief Financial Officer. Deppe brings over 20 years of experience in finance and operations to the role, having previously served as the Vice President of Supply Chain and Operations Finance at Chewy. Before joining Chewy, Deppe spent more than 16 years at Amazon in senior finance leadership roles.
Chewy has reaffirmed its financial outlook, stating that its long-term plan remains intact and the business momentum is strong. The company aims to achieve a long-term margin profile of 10% adjusted EBITDA, as outlined at an investor day.
In terms of financial performance, Chewy reported that it is on track towards its long-term margin profile of 10% adjusted EBITDA. The company also reaffirmed its guidance for fiscal year 2025 and expressed optimism for a successful fiscal year 2026.
Chewy's mission is to be the most trusted and convenient destination for pet parents and partners everywhere. The company offers a broad selection of high-quality pet products and services at competitive prices, delivered with an exceptional level of care and a personal touch.
Chewy partners with approximately 3,200 trusted brands in the pet industry, providing around 130,000 products and services offerings. The company aims to deliver a high-bar, customer-centric experience to its customers through its website and mobile app.
With the appointment of Chris Deppe as CFO and the reaffirmation of its financial outlook, Chewy continues to focus on disciplined execution, strengthening its financial foundation, and delivering sustainable long-term value for its customers, partners, and shareholders. As a result of these announcements, the company's shares have moved 2.96% on the market, and are now trading at a price of $33.74. For the full picture, make sure to review Chewy's 8-K report.
